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Bitcoin price is stuck between the 20-day exponential average (EMA) of $29523 and the horizontal support of $28861.
The downward sloping 20-day EMA and the relative strength index (RSI) on the negative wise show that the bears have a slight advantage. If the price drops and rebounds from $28861, it will show that the bulls are holding this level with all their strength. A breakout and a close above $30000 signal a reversal by the bulls. The pair will then move to the overhead resistance zone between $31804 and $32400.
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