Price compression phase
Bitcoin's range trend has led to the formation of a price compression phase, and this limited volatility could continue before a strong move. A bearish trend line was considered on the chart, which if it breaks and holds the $22,500 support, we can again expect the price of Bitcoin to rise. The minor targets of Bitcoin are at the prices of 23,249 and 23,633 dollars. If the support is broken with heavy selling pressure, the first target for Bitcoin can be considered in the $21,196 area.
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