Bulls Stall at $61,000 Resistance, putting sub-$58,000 back into play, according to Bitcoin Price Prediction.

After a rough Wednesday, Bitcoin is having a turbulent morning session.

Bitcoin, BTC to USD, was down 1.15 percent to $59,656.0 at the time of writing.

Bitcoin had a positive start to the day, rising reaching a high of $60,945.0 in the early morning before reversing.

Bitcoin sank to a late morning low of $59,090.0, falling short of the first significant resistance mark at $61,347.

Bitcoin surged back through to $59,500 levels after avoiding the first major support level at $58,864.

For the Rest of the Afternoon

To reach the first big resistance level at $61,347, Bitcoin would have to break past the $59,857 pivot.

For Bitcoin to return to $61,000 levels, it will require support from the rest of the market.

The first big barrier level and resistance at $61,500 should restrict the upside unless there is a protracted surge.

Before any drop, Bitcoin might attempt resistance near $63,000 levels in the case of a broad-based crypto resurgence. $62,340 is the second significant barrier level.