Bitcoin completed our second scenario, but the main support range was also removed, and now the trading price is below the main support level, which is between $ 39,500 and $ 40,000. This support level now plays the role of a resistance range for the price and could again be a stubborn resistance to Bitcoin. The local support level for Bitcoin is at $ 38,700, which in case of losing this local support level can move to the next support that is drawn in the chart. . Bitcoin must once again reach above $ 40,000, otherwise the downtrend will continue. The main support range for Bitcoin is between $ 36,000 and $ 36,500.
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