Bitcoin's price fluctuated around the $58k mark, with resistance turning into support and the need to surpass $58,000 to restore a bullish trend. On July 11, Bitcoin dipped below $58k, while altcoins dropped up to 3%. Despite challenges, Bitcoin was back near $59k and faced resistance at the $60k level, with a potential rally to $72k if certain barriers are overcome. However, on July 12, Bitcoin dropped below $57k, trading in the red zone alongside other cryptocurrencies.