As Bitcoin nears the $57,000 resistance, it faces challenges in breaking higher. If Bitcoin fails to surpass this level soon, the bearish trend may resume. Analyst Josh from Crypto World highlighted that Bitcoin is bouncing from key support at $52,500, but the overall market remains bearish, though short-term upward moves are possible.

Bitcoin recently bounced from a support zone between $51,000 and $53,000, rising to the $56,000-$57,000 resistance area. The price remains stuck near this level and has yet to break through. For a stronger bullish trend, Bitcoin needs to break above $57,000 and turn it into new support, with further resistance between $59,000 and $61,000.

In the short term, Bitcoin is likely to stall around $57,000. If it doesn’t break through soon, the bearish trend may continue. Bitcoin’s liquidation heat map shows that liquidity around $57,000-$57,500 has been reduced, indicating the price could remain near current resistance levels.