Material Indicators: Bitcoin's 50-day moving average of US$94,650 remains an effective support level
According to online reports, Keith Alan, co-founder of Material Indicators, pointed out that Bitcoin prices are currently stuck between the 21-day moving average and the 50-day moving average. The two moving averages are around US$99,600 and US$94,650 respectively. Bitcoin had been using it as support since mid-October before falling below its 21-day moving average this week, while 50-day moving average support remained in place.（Cointelegraph）
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