I have been observing this for the past week and found out that this multiple rejections from 59k could trigger a possible deep correction. We can assume that it is consolidating now and may pump in the next days but the possibility of a deep correction isn't out because BTC is in a bull run for how many months now without a healthy correction. I am not saying that BTC will going to have a deep correction now but what I am trying to share is that there is a big possibility that this continued rejection may start a shake out to holders above 60k that could affect the market as a whole. Incase this happens, I have plotted some possible levels that the price can go if supports won't hold. Technically, this supports haven't been retested and revisited that much but if correction happens, this are the strong barriers that we can hold on to. Our last line of defense would be the 40k level.
How I see the Technicals, it is saying that the candle pattern (daily chart) can indirectly be considered a triple top from 59k which can be a sign of a reversal.