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Bitcoin price moved into a wider range of $31-34 000. The asset will need time to accumulate strength after the recent momentum. Short-term decreases to $31 000 are likely. If this support level fails - bitcoin will return to the narrow range, in which it has been trading in recent weeks.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.

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