If Bitcoin fails to break above the $58,500 resistance zone, it could see another decline. An immediate support on the downside is near $57,600.
The first major support is at $56,650, which is the 61.8% Fibonacci retracement level of the upward move from the $55,550 swing low to $58,450 high. The next support is now found near the $56,220 area. If the price declines further, it could drop towards the $55,550 support in the near term. #BTC☀
