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Bitcoin broke out the wedge upward and has already reached $20 400. It is possible that the asset will soon test the upper edge of the wedge as support, which means that its price could drop to $18 500. After that, the cryptocurrency will have an opportunity to return to growth. Bitcoin will likely continue to rise in the current situation without a support retest.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.

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