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Following yesterday’s US consumer inflation report, which accelerated to a record 9,1%, the bitcoin rate continues to move in a wedge. Once again, support at $19 000 has been worked out. Despite this, there remains a high probability of support breaking through and further decline of bitcoin.

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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