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On the bigger time frame, the situation has not changed from the technical point of view as neither side has accumulated enough energy for a sharp move. However, if the price does not return to the $30,000 zone soon, a decline to the support might be a prerequisite for a further drop to the $29,000 area and below.From the midterm point of view, the price of BTC has set an interim support level at $29,508. While the rate is above that mark, bulls have a chance to seize the initiative.
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