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The $20 000 level is supporting the bitcoin rate for now. The lack of upward movement and repeatedly testing of support may indicate that sellers are determined to push the bitcoin price below $20 000. In that case, the price of the cryptocurrency can fall up to $12 000.

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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