Bitcoin (BTC) has risen by 0.11% over the past day and is approaching local support at $57,751. If the daily candle closes around this level, a move to $57,000 may follow.

On a broader time frame, traders should watch the $58,518 level. A significant deviation from this level could signal that resistance is unlikely to break soon due to insufficient momentum.

In the midterm, if the weekly candle closes near $60,000, further upward movement is unlikely. Instead, BTC is expected to trade sideways between $56,000 and $60,000. Currently, Bitcoin is priced at $57,763.