Bitcoin price falls again, are bears ready to strike again?

💥 Bitcoin price has suffered another setback, starting a new round of decline from the $59,500 resistance area, and bears look set to make a big move below the $56,000 support level!

🔻 Recent price action shows that Bitcoin struggled to break through the $59,500 and $60,000 resistance levels, but quickly fell back after topping out near $59,500. The price fell below the $57,800 and $57,500 support levels and even tested the $56,600 area.

📉 Currently, Bitcoin price is trading below $57,500 and the 100 hourly simple moving average. On the hourly chart of the BTC/USD pair, a key falling channel is forming with resistance near $58,400. Failure to hold above the $56,500 support level could lead to further price declines.

📈 However, if Bitcoin can break through the $58,000 resistance level, it may usher in a considerable rebound in the next few days. The next key resistance level is $58,500, followed by $59,500. Once it breaks through $59,500, Bitcoin is expected to re-challenge the $60,000 mark.

⚠️ Are the bears ready to make another move? Pay attention to market dynamics and do a good job of risk management! #比特币采用 #BTC☀ #比特币走势分析 #投资风险 #加密🚀 $BTC