Bitcoin Price Targets and Key Levels:

Prices remain relatively neutral with no major new signals. However, on the daily chart, there has been a slight bounce recently, although price action has been largely neutral. The Bitcoin daily chart has now confirmed a new bullish divergence, marked by a lower low and subsequent green candle close. While bullish divergences often lead to choppy sideways action or minor bullish relief, they alone do not confirm a broader bullish trend reversal.

Key support and resistance levels remain critical. Bitcoin has recaptured support around $56,000-57,500, with $56,000 being a particularly critical support level. Resistance levels include $60,000-61,000, $63,000-64,000, $67,000-68,000, and $72,000-74,000. Despite the short-term bearish trend, a short-term relief or breakout could occur this week.

A double bottom pattern is also forming with the neckline at around $58,400. A breakout above this level could signal bullish momentum with a possible price target of around $62,000. However, confirmation is necessary before setting aggressive price targets.