Bitget App
Trade smarter
Material Indicators Lianchuang: The 50-day moving average of Bitcoin at $94,650 still serves as a valid support level
Bitget2024/12/25 10:17
Keith Alan, co-founder of Material Indicators, pointed out that the current price of Bitcoin is stuck between two Simple Moving Average (SMA) lines: the 21-day and 50-day averages.
The two averages are approximately at $99,600 and $94,650 respectively. Before breaking below the 21-day average this week, Bitcoin has been using it as support since mid-October, while the support from the 50-day average remains effective.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$113,050.6
-0.88%
Ethereum
ETH
$3,987.15
-3.04%
Tether USDt
USDT
$1
-0.01%
XRP
XRP
$2.61
-1.18%
BNB
BNB
$1,104.02
-2.79%
Solana
SOL
$194.22
-1.85%
USDC
USDC
$0.9999
-0.02%
Dogecoin
DOGE
$0.1938
-3.36%
TRON
TRX
$0.2954
-0.91%
Cardano
ADA
$0.6461
-2.97%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now