Bitcoin price has seen a decent increase and broke several resistance levels, including $56,500 and $58,000. However, it is now struggling to clear the $58,000 resistance and is consolidating gains. The immediate support levels are around $56,800 and $55,300, while the next resistance levels are $57,500 and $58,000. If the price manages to break above $58,000, it could lead to further upside potential, with the next target being $60,000. Technical indicators suggest a loss of momentum in the bullish zone and the RSI is below the 50 level.



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