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The $24 000 level did not hold. The bitcoin price to decrease below $20 000 should be expected soon. This will be a strong pain point for both short-term holders of the asset and long-term holders. Therefore, one can hope for the formation of a global bottom in this area. However, after going below $20 000, the way opens up for a decline to the $12 000 area.

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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