Bitcoin flips multiple moving averages, faces key resistance levels at $25k
The 200-week moving average (200-WMA) has been a reliable support level in previous bear market cycles for Bitcoin.
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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.
