Dario
Sun Jun 23 2024
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5 answers
679
What is bitcoin's 200-day simple moving average?
Could you elaborate on what the 200-day simple moving average for Bitcoin actually represents? I've heard it's a crucial indicator for investors, but I'm not entirely sure how it's calculated or how it's used to analyze Bitcoin's price movements. Specifically, I'm interested in understanding how the past 200 days' closing prices are averaged and how that average informs trading decisions. Is it a reliable indicator for predicting future trends? What are some common misconceptions surrounding its use?
