Bitcoin broke up the resistance but It can not go up. Bitcoin price entered price correction and went down from 72K to 57K. After touching 57K, Bitcoin price went up fast and some of investors were thinking it was a bearish trap touching 57K. Even Bitcoin price broke up the resistance there is no more cash flow and power on Bitcoin price.
Here you can see daily chart of Bitcoin. There are resistance a draw on RSI Indicator and price. Bitcoin brok up these resistances and we have not seen huge green candles. Bitcoin also broke up MACD Indicator's resistance and it reversed. It can be time to retest the resistances.
Here you can see weekly chart of Bitcoin. There is bowl pattern is on Bitcoin price chart. Even Bitcoin is in bowl pattern, weekly chart looks bearish. MACD Indicator reversed from the top. Fisher Indicator reversed from the top. These are why Bitcoin price can not go up even resistances broken in daily chart..
Bitcoin price is under selling pressure in weekly chart.
Bitcoin entered weekly price correction a few weeks ago. Monthly price correction is coming soon. It may be the beginning of price correction before altcoin season 2025.
We will see..