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Bitcoin flips multiple moving averages, faces key resistance levels at $25k

CoinSurges
By CoinSurges

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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.
Moving avergae: (Source: Glassnode)
Moving avergae: (Source: Glassnode)

The post Bitcoin flips multiple moving averages, faces key resistance levels at $25k appeared first on CryptoSlate.

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