Bitcoin price stuck in a range as bulls plan to ace the tug of war for upswing past $60,000

• Bitcoin knocks at the Bollinger band middle boundary resistance while nurturing a new uptrend.
• A falling wedge pattern points at BTC potential breakout above $60,000.
• The hurdle at the 100 SMA on the four-hour chart could lead to an increase in overhead pressure.

Bitcoin slumped to $56,000 on Wednesday following widespread declines in the market. The correction came into the picture after multiple failed attempts by the bulls to break above the stubborn resistance at $60,000. In the meantime, BTC dodders at $56,640 as bulls battles the immediate hurdle, highlighted by the Bollinger band middle boundary.