Material Indicators: The 50-day moving average of Bitcoin at $94,650 remains a valid support level

2024-12-25 17:53:46

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ChainCatcher news, Material Indicators co-founder Keith Alan pointed out that the Bitcoin price is currently stuck between the 21-day and 50-day simple moving averages (SMA).

The two moving averages are around $99,600 and $94,650, respectively. Before breaking below the 21-day moving average this week, Bitcoin had been using it as support since mid-October, while the 50-day moving average support remains intact.

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Bitcoin support level moving average line

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