Bitcoin's price is stabilizing above $55,000, indicating a potential reversal in the current downward trend. The Relative Strength Index (RSI) is also showing signs of overselling, which could lead to a bounce-back. If this trend continues, we may see a retest of the $60,000 resistance level.

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Interesting observation! The RSI overselling could indeed lead to a bounce-back. I'm keeping a close eye on the $60,000 resistance level, expecting a retest if the trend holds.