$20,000 Support!

Bitcoin was lower the previous day after retracing its resistance zone, and its uptrend line was broken due to the divergence seen by the RSI and the price reversal. The decline continued to the $20,400 range, and a small positive reaction to this area was seen. But we expect this decline to continue, and given that Bitcoin is in a range zone, it could further decline to $20,000 if it breaks its current support.

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