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Material Indicators Co-founder: Bitcoin's 50-Day Moving Average at $94,650 Still a Valid Support Level

BlockBeats News, December 25th, Material Indicators co-founder Keith Alan pointed out that the Bitcoin price is currently stuck between the 21-day moving average and the 50-day moving average, two simple moving averages (SMA) on the daily chart.

The two moving averages are around $99,600 and around $94,650, respectively. Before breaking below the 21-day moving average this week, Bitcoin has been using it as support since mid-October, while the 50-day moving average support remains intact. (Cointelegraph)

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Material Indicators Co-founder: Bitcoin's 50-Day Moving Average at $94,650 Still a Valid Support Level

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An address's long position on crude oil lost $5.82 million, and Hyperliquid's cumulative loss expanded to $13.79 million.