Sellers broke through the support of the uptrend line last night. Short pressure increased, and the currency pair hit a local low of $53,715.

According to the chart, Bitcoin (BTC) will retest the resistance at $57,500.

If the bulls are fixed above the above-mentioned area, there is still a chance to keep rising. In addition, the volume of sell transactions continued to decline. As of press time, the bitcoin transaction price is $55,053.