Material Indicators co-founder Keith Alan pointed out that the price of Bitcoin is currently stuck between the 21-day and 50-day simple moving averages (SMA). The two moving averages are approximately $99,600 and $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 effective. (Cointelegraph)