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In recent days, the market is dominated by bulls, and the bitcoin price is gradually recovering after falling below $19 000. So far, the cryptocurrency’s rate is moving within a sideways channel, with the upper edge of which is $21 700. This means that bitcoin has room to grow to this mark, but it is unlikely to overcome it in the near future.

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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