Insights

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

exchange68September 13, 2024

0 0 1 minute read

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

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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