Bitcoin Struggles to Surpass $57k Resistance
CryptoNewsTerminal Staff06 Aug, 2024
Bitcoin Struggles to Surpass $57k Resistance
Bitcoin is attempting to recover, but analysts predict it will face increased resistance after recently falling below support. The $56,000-$57,000 range is seen as a crucial resistance level, and breaking through it would be a positive sign. However, there remains a risk of further decline. Even optimists acknowledge the deepening downtrend, with progressively lower lows: $56,500 in May, $53,500 in July, and $49,100 in August.
