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TagsWhat is the 200 day moving average of Bitcoin?
AleynaDec 15, 2021 · 3 years ago1 answersCan you explain what the 200 day moving average of Bitcoin is and how it is calculated? How does it affect the price of Bitcoin? Is it a reliable indicator for traders and investors?
1 answers
- At BYDFi, we understand the importance of the 200 day moving average in analyzing the long-term trend of Bitcoin. It is widely used by traders and investors to gauge the overall market sentiment and make informed trading decisions. However, it is important to note that the 200 day moving average is just one of many tools available, and should not be relied upon as the sole indicator for trading. It is always recommended to use a combination of technical analysis, fundamental analysis, and market sentiment to make well-rounded trading decisions.Dec 15, 2021 · 3 years ago
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