What is the 200-day moving average of Bitcoin's price?

3 answers

• Dec 15, 2021 · 3 years ago
  The 200-day moving average of Bitcoin's price is a commonly used technical indicator in the cryptocurrency market. It is calculated by taking the average closing price of Bitcoin over the past 200 days. This moving average helps to smooth out short-term price fluctuations and provides a longer-term trend of the price. Traders and investors often use the 200-day moving average to identify potential support and resistance levels for Bitcoin's price.
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• Dec 15, 2021 · 3 years ago
  The 200-day moving average of Bitcoin's price is a way to measure the overall trend of Bitcoin's price over a longer period of time. It is calculated by adding up the closing prices of Bitcoin for the past 200 days and then dividing that sum by 200. This moving average is useful for identifying the general direction of Bitcoin's price and can be used as a reference point for making trading decisions.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that the 200-day moving average of Bitcoin's price is a technical indicator that helps traders and investors gauge the long-term trend of Bitcoin's price. It is calculated by taking the average closing price of Bitcoin over the past 200 days. This moving average is widely used in the cryptocurrency market and can provide insights into potential support and resistance levels for Bitcoin's price. Traders often use the 200-day moving average as a reference point for making trading decisions.
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