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Monday

26 July 2021

TA: Bitcoin Bears Lose Strength, What Could Trigger A Decent Recovery

TA: Bitcoin Bears Lose Strength, What Could Trigger A Decent Recovery


smart summary beta

Bitcoin price extended its decline below the $30,000 support against the US Dollar.

An initial resistance on the upside is near the $30,000 level.

In the short-term, bitcoin price might start a decent recovery above $30,000, but it might face barriers near the $31,000 level in the near term.

A clear downside break below the recent low and $29,250 might call for a move below the $29,000 level.

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