The price of Bitcoin has recently been fluctuating between technical indicators. Keith Alan, co-founder of Material Indicators, pointed out that Bitcoin is currently stuck between the 21-day and 50-day simple moving averages (SMA). 📉

The 21-day moving average is around $99,600, while the 50-day moving average is near $94,650. Since mid-October, Bitcoin has relied on the 21-day moving average as support; however, it has fallen below this line this week. Meanwhile, the support from the 50-day moving average remains intact. 📊

Market observers are closely monitoring these technical indicators to assess future trends. Whether Bitcoin's price can break through these key levels will become the focus of market attention. 🔍