Cryptocurrency analyst Benjamin Cowen outlines key levels for Bitcoin, the world’s largest cryptocurrency in terms of market cap trying to recover $ 40,000.
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In a recent strategy session, Cowen says that while he is generally positive about Bitcoin, it would be in the interest of traders to be prepared for bearish moves in the short term:
Being ready for a hard downward move can mean taking advantage of the main entry point, Cowen says:
The closely-followed analyst draws attention to some important levels to watch out for in Bitcoin, starting with the 50-week moving average, which is about $28,253 at the time of writing:
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