All
Contribute!
BlockchainCrypto MarketCryptocurrency

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

CoinSurges
By CoinSurges

Share This Post

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.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund 

Asset manager Bitwise has filed a proposal with the US Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund This new

Bitcoin Struggles In Early October: Bullish Rebound Ahead For BTC?

Bitcoin (BTC) has faced a rough start to the historically bullish month of October, impacted by escalating geopolitical tensions in the Middle East Despite this, bulls remain hopeful for a turnaround

Bitcoin Whales Set Profit-Taking Record In Bull Cycle — What’s Happening?

The price of Bitcoin has not had the most straightforward performance in 2024 despite a strong start to the year The flagship cryptocurrency has spent most of the last two quarters in consolidation,

Zero-Knowledge Virtual Machines Key to Ethereum Growth, Says Hashkey Capital

Hashkey Capital, one of Asia’s largest venture capital firms specializing in Web3 and cryptocurrency, has released its sector analysis for the first half of 2024 The report covers significant

Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand

SUI is currently testing a crucial supply zone following a massive 95% surge triggered by the Federal Reserve’s recent interest rate cut announcement The explosive rally, driven by significant

This Week’s NFT Sales See 10% Growth After Difficult September

Following a slow period for non-fungible token (NFT) sales in September, the past week has shown a 1007% rise in revenue compared to the previous week According to data from cryptoslamio, the total
Previous article
Norwegian Police seize $5.9M from Axie Infinity hackers
Next article
Groceries to luxury cars: The state of crypto adoption in Dubai

Categories:

Hot right now:

Company:

Follow on:

Crypto Coin Live Stats

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.