Bitcoin Price Rebounds, But Could the Downtrend Return?

Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 on the hourly chart of the BTC/USD pair (data feed from... source: https://www.newsbtc.com/analysis/btc/bitcoin-price-rebounds-55500/