Bitcoin Price Bounce at Risk: Is the Recovery About to Fade?

Bitcoin price started a recovery wave from the $55,600 zone. BTC is now struggling to clear the $58,500 resistance and might decline again. Bitcoin is struggling to recover above the $58,500 zone. The price is trading below $58,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $57,250 on the hourly chart of the BTC/USD pair (data... source: https://www.newsbtc.com/analysis/btc/bitcoin-price-bounce-risk-58500/