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Bitcoin showed signs of strength for the first time in the last two weeks. The asset broke through the local downtrend and came close to an important resistance level near $31 000. There are no signs of a reversal yet, but if buyers intercept the initiative, this movement may turn into a full-fledged bounce, which market participants have been expecting for two months.

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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