BTC will struggle above $57,500 as it extended its decline and tested the $55K support against the US dollar. The coin is now recovering but it is going to face a strong resistance close to the $57K level as we can see more in our latest bitcoin news today. BTC failed to hold the $57K zone and declined towards $55,5000 with the price now trading well below the $57,500 support and the 100 hourly simple moving average. There was a new break below the key contracting triangle and the support at $57,450 on the hourly chart of the pair which can correct higher but the bulls will face a strong selling interest near the ... (full story)