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Bitcoin Bounces Above Moving Averages

Bitcoin trades just below $83,000, above both the short-term and long-term moving averages. Traders are watching the levels of $80,000 and $87,371. The Crypto Fear & Greed Index reads 51, a neutral reading between fear and greed. Bitcoin's trend structure remains bullish with the 50-day exponential moving average above the 200-day EMA. Support is layered below at $80,433 and $76,123.1.

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