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The wedge that has been forming on the bitcoin chart for the last month has finally been implemented downwards. For the first time since December 2020, the cryptocurrency dropped below $25 000. In the coming days, bitcoin needs to find a support level, so a further decline to $24 000 or $19 500 is not ruled out.

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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