Bitcoin (BTC) is attempting to erase Tuesday's decline; faces resistance around $56K-$58K as the short-term trend improves.Bitcoin (BTC) is holding support around $55,400 at the time of writing as buyers attempt to erase Tuesday’s losses. Resistance is seen around $56,000 and $58,000 where traders have taken profit over the past few months. The relative strength index (RSI) on the hourly chart is not yet overbought which suggests about 2%-3% upside to next resistance. Bitcoin remains in a tight range as a pattern of lower highs on the RSI suggests slowing momentum and continued profit taking on rallies. On the daily ... (full story)