Bitcoin Holding 56K Support

Bitcoin Relative Strength Index shows that Bitcoin volatility is fading out and it seems like Bitcoin could stabilize at $56k support. 

Bitcoin is trying hard to find new direction since breaking down last week. It dropped to 6 week lows yesterday with a breaish bias intact.  Support is at $54584 the fib 1.272. The resistance above is at $60,000 at fib -0.65.