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Bear Market For Bitcoin

Bitcoin Futures (/BTC) have not traded above $43,000 since May 19. Howard Greenberg, Cryptocurrency Educator at Prosper Trading Academy, discusses how trends are still bearish for Bitcoin. According to Greenberg, Bitcoin needs to reach the 200-day moving average in order to excel, which is around ($40,000). Additionally, he discusses how narratives change quickly in crypto, whether it is news from China or Elon Musk tweeting. However, there are more investors entering the space every day, which is promising.

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