Bitcoin Support Turned Resistance

A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance, which is the case for Bitcoin right now.

59100 is the new resistance and we also have a strong support now at 54300.

I think the price will bounce in this area for the next days, until we see a decisive move.

Looking forward to read your opinion about it.