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Yesterday, the bears tried to squeeze the bitcoin price out of the descending channel. This is indicated by a false break of the lower edge of the channel. On July 27, the rate of BTC returned to the channel and continues its gradual slide to the support level at around $20 000. The resistance is at $22 000 and $24 000.

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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