According to BlockBeats, on December 25, Keith Alan, co-founder of Material Indicators, highlighted that Bitcoin's price is currently positioned between the 21-day and 50-day simple moving averages (SMA). These averages are approximately at $99,600 and $94,650, respectively. Before dropping below the 21-day SMA this week, Bitcoin had used it as support since mid-October, while the 50-day SMA continues to provide effective support.

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