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Even though the bitcoin price was momentarily down to $17 000, the support level at $19 500 on the daily timeframe is still holding the cryptocurrency’s rate back. In the near future, bitcoin is likely to continue trading in the $19 500-22 500 range.

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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