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On the morning of June 18, the bitcoin rate continued its momentum decline and fell below $20 000 for the first time since December 2020. The support level, which is formed at around $19-19 500, has not yet been broken and will probably be able to restrain the momentum. Otherwise, the asset will start to decline to the next support level of around $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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