Most coins have returned to the red zone as buyers lost the initiative. Bitcoin's rate has decreased by 0.11% since yesterday and by 1.06% over the last seven days. There is a chance for a local rise if the rate closes above $29,000, but if not, the correction may continue to the $28,900 area. Bears are still controlling the situation on the daily chart, and a breakout may lead to an ongoing correction to the $28,000-$28,500 area within the next few days. At press time, Bitcoin is trading at $29,014.
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