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Bitcoin broke through the local downtrend, which has been working on the chart of the asset since March this year. Now it needs to consolidate above $21 500. Also, the rate of the cryptocurrency approached the upper edge of the wedge, which acts as resistance. Breakout from the wedge upward opens the way to $24 000.

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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