ChainCatcher message, 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 (SMA).

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