Bitcoin Faces Hurdles Near $58.5K, Why Dips Remain Attractive

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Bitcoin price is currently facing resistance near $58,250 and $58,500 against the US Dollar. BTC could dip in the short-term, but the bulls are likely to remain active near $57,000.

Bitcoin recovered above $57,500, but it is facing resistance near $58,250.
The price is still trading well below $58,500 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $58,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could dip again, but the bulls are likely to remain active near $57,000.source