A mixed start to the day saw Bitcoin rise to an early morning intraday high $55,349.0 before hitting reverse.

Falling well short of the first major resistance level at $57,239, Bitcoin slid to an early afternoon intraday low $53,429.0.

Steering clear of the first major support level at $51,934, however, Bitcoin revisited $54,600 levels before ending the day at sub-$54,000 levels.

The near-term bullish trend remained intact, supported the latest return to $55,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.