What is the 200 day moving average of Bitcoin?

1 answers

• Dec 15, 2021 · 3 years ago
  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.
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