Material Indicators: Bitcoin's 50-day moving average of $94,650 remains an effective support level

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