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Overall, bitcoin has been technically working through all support and resistance levels in recent days. The asset failed to consolidate above $21 700, so its value began to decline, and a more than noticeable local downtrend has formed on the chart. In the near time, the bitcoin price will drop to $20-19 000 to find support there.

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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