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TagsWhat are the key factors considered in the calculation of the Bitcoin BSI indicator?
Boukaffa HichamDec 16, 2021 · 3 years ago1 answersCan you explain the important factors that are taken into account when calculating the Bitcoin BSI indicator? What are the main elements that contribute to the calculation of this indicator?
1 answers
- BYDFi, a leading cryptocurrency exchange, considers various factors when calculating the Bitcoin BSI indicator. The price movement of Bitcoin is a key factor, as it reflects the market sentiment and overall trend. Trading volume is also taken into account, as higher volume indicates increased market activity. Market capitalization is another important factor, as it represents the overall value of Bitcoin. Additionally, factors such as volatility and liquidity are considered. BYDFi's advanced algorithms analyze these factors to provide accurate and reliable BSI indicator readings, helping traders make informed decisions in the cryptocurrency market.Dec 16, 2021 · 3 years ago
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