Bitcoin flips a number of transferring averages, faces key resistance ranges at $25k

by Jeremy

Fast Take

  • Bitcoin has reclaimed over $24,500 and has flipped multiple-day transferring averages within the course of.

The 60 DMA is $20,184

The 120 DMA is $19,059

The 200 DMA is $19,717

  • Nevertheless, the 200-WMA has been a dependable help stage for Bitcoin in earlier bear market cycles, which at present stands at $24,957.
  • Whereas the 360-DMA at present stands at $25,398, one other indicator of help.
Moving avergae: (Source: Glassnode)
Shifting avergae: (Supply: Glassnode)

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