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Bitcoin is showing signs of consolidation after recent volatility. The price is hovering around the $58,000–$60,000 range, struggling to break above the key resistance at $61,000. On the downside, support is forming near the $56,500 level. Technical indicators such as the RSI are neutral, suggesting a potential breakout in either direction. On-chain data shows steady accumulation by long-term holders, while trading volume has slightly declined compared to last week. If Bitcoin closes above $61,000 with strong volume, it could signal a bullish continuation toward $65,000. However, failure to hold above $58,000 may invite short-term bearish pressure.
