Bitcoin Technical Analysis: Path to $58,000 Blocked by Heavy Resistance at $56,000

On September 9, 2024, bitcoin was trading at $55,321, recovering from recent lows, but facing strong resistance around the $56,000 mark. Oscillators and moving averages present a mixed picture, with signals split between sell and buy actions. Bitcoin The price of Bitcoin saw a short-term recovery, rising from a low of $53,636 on September 8 to $55,614. (…)