Material Indicators: Bitcoin’s 50-day moving average of $94,650 remains an effective support level
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2024-12-25 19:03 3,930
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Golden Finance reported that Keith Alan, co-founder of Material Indicators, pointed out that the price of Bitcoin is currently stuck between the two daily simple moving averages (SMA), the 21-day moving average and the 50-day moving average. The two moving averages are around $99,600 and $94,650 respectively. Before falling below the 21-day EMA this week, Bitcoin had held it as support since mid-October, while the 50-day EMA support remains in effect. (Cointelegraph)