Bitcoin (BTC) Regains Footing After Rejection from $58,000

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The bitcoin (BTC) price had been increasing since May 5 but was rejected once it reached the $58,000 resistance area the next day.
BTC is expected to find support at one of the two Fib support levels outlined below. Afterward, a breakout from the current pattern is likely.
Ongoing BTC bounce
BTC has been moving upwards since bouncing at the $53,000 support area on May 5. The support area is created by the 0.5 Fib retracement level of the most recent upward movement (white).
The upward move continued until a high of $58,360 was reached. The high was made very close to the 0.618 Fib retracement level (black) when measuring from the most recent downward movement.
BTC was then rejected and has been decreasing since.
Technical indicators are relatively neutral. The MACD is positive and the RSI is above 50. However, both are showing a lack of momentum, which in turn fails to confirm the direction of the trend. Source