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On the hourly timeframe, a similar situation as before in May can be seen. Bitcoin momentarily went below the support level at $19 500 and then came back above that level and is now trading sideways. Similar to the last such period, it can be assumed that the breakout from the current sideways will also go downwards to the level of $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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