Quick Take
- Bitcoin has reclaimed over $24,500 and has flipped multiple-day moving averages in the process.
The 60 DMA is $20,184
The 120 DMA is $19,059
The 200 DMA is $19,717
- However, the 200-WMA has been a reliable support level for Bitcoin in previous bear market cycles, which currently stands at $24,957.
- While the 360-DMA currently stands at $25,398, another indicator of support.
The post Bitcoin flips multiple moving averages, faces key resistance levels at $25k appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-flips-multiple-moving-averages-faces-key-resistance-levels-at-25k/