BTCUSD Faces Key Resistance at $59,184
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The EMA 34 and EMA 89 are supporting the ongoing uptrend, indicating that the bullish momentum remains strong as long as BTC stays above these levels.
If BTC fails to break through the minor resistance at $59,184, the price may retreat to test the support at $56,200. However, if it successfully breaks this resistance, BTC could continue to rise towards $60,803.
The market is closely monitoring U.S. economic news, particularly inflation and CPI data, which are influencing USD strength and thereby impacting BTC prices.
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