Bitcoin's price began a downward correction against the US Dollar after reaching a high of $61,700. Above the $58,500 and $ 58,000 support levels, BTC is keeping gains. While the price has fallen below $60,000, it remains well above the 100 hourly simple moving average. The bulls seem to be aiming for a test of $62,000.The $60,000 high and the 50 percent Fib retracement stage of the upward step from the $56,124 swing low to $61,.700 high are the next big resistance levels.