Bitcoin flips multiple moving averages, faces key resistance levels at $25k 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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Glassnode
Glassnode brings data intelligence to the blockchain and cryptocurrency space.
