As of September 6, 2024, Bitcoin (BTC) has retested the $55,600 support zone following a decline, struggling to gain momentum above the $57,000 resistance level.
Key price movements include:
High of $58,508 formed before the recent drop.
Current trading price below $57,200, with immediate resistance at $57,000.
First major resistance identified at $57,750; a breakthrough here could lead to a rise towards $60,000.
Immediate support at $56,000, with major support at $55,600 and further at $55,000.
Potential decline toward $53,500 if downward momentum continues.
Technical indicators show the MACD losing pace in the bearish zone, and the RSI hovering near the 50 level.