Bitcoin is having a tough time and is currently wavering between 58,000 and 62,000.

The recent trend shows that bears have the upper hand, with the trend falling 2% in the past week and more than 12% this month.

Bulls need to break through 63,000 to regain strength, and the next milestone may be 70,000.

Currently, strong support below is around 55,000, and if it is broken, it may fall to 49,000 or even lower.

Although it has risen by 15% in six months, it has limited potential in the short term and needs a rise of about 10% to trigger new growth