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After the collapse to $26 700 bitcoin can not overcome the resistance level of around $31 000. Now the coin rate is locked in the range of $30-31 000. Breakout from the range downwards will mean a further decline in the asset’s price and, perhaps, another hike to $26 000.

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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