The current price of Bitcoin is $58,578, with a 24-hour trading range of $58,231 to $60,366. Bitcoin has a daily trade volume of $26.95 billion and a market cap of $1.15 trillion. Despite high liquidity, Bitcoin is struggling to break key resistance levels. Technical indicators show mixed momentum, with a clear downward trend on the 1-hour chart and sideways trading on the 4-hour chart. The daily chart highlights a broader downtrend, with resistance at $60,000 and support at $55,000. The relative strength index is neutral, while stochastic signals overbought conditions. Short-term moving averages and momentum indicators suggest a possible short-term bounce, but longer-term moving averages signal bearish momentum. If Bitcoin fails to break above $60,000 and dips below the $58,000 support level, a deeper correction is likely.



Other News from Today