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On the daily timeframe, bitcoin is approaching the global downtrend, which has repeatedly worked out and caused the cryptocurrency’s rate to crash. If in case the wedge is realized, the support level of around $19 000 will not be able to restrain the fall, the asset will start to decline to the next key support, which is around $13 000.

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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