Bitcoin's Bearish Trend : Will It Rebound at $57K?
Bitcoin has been trading bearish after failing to break the crucial **$61K resistance**, which intensified selling pressure.
The head and shoulders pattern breakdown played a significant role in this movement.
Technical indicators, including divergence, suggest a bearish momentum pushing BTC toward $57K.
Once Bitcoin reaches this level, a potential reversal could be in play, with expectations of a bullish recovery. Traders should monitor the **$57K** support level closely for signs of a rebound.
Conclusion :
While Bitcoin faces a current bearish trend, the **$57K** level could be a critical support, possibly triggering a price recovery. Investors should remain cautious and watch for key market signals.
