Bitcoin sellers are endeavoring to suppress BTC below the $60,000 threshold, yet bullish investors are countering with significant resistance.

Today, Bitcoin surged to $59,459, rebounding from previously oversold conditions. Traders are closely monitoring the $58,400 to $60,000 range, which could act as a pivotal zone for future price movements. Analysts predict that BTC could either ascend to $67,000 or plummet to $48,000, depending on market dynamics.

Crucial upcoming U.S. economic data is poised to heavily influence Bitcoin's trajectory, potentially determining whether bullish momentum will prevail or bearish pressures will dominate.

What are your thoughts on these developments?