
Phillips
@ariahfd
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The 200-day moving average (MA) is a key indicator for Bitcoin’s price trends. It smooths out short-term fluctuations, offering a clear view of the long-term direction. When Bitcoin’s price is above the 200-day MA, it signals a bullish trend, suggesting potential buying opportunities as momentum favors upward movement. Conversely, a price below the 200-day MA indicates a bearish trend, often warning of selling pressure or a downtrend. Traders use this line as dynamic support or resistance—price often bounces off it during uptrends or struggles to break through in downtrends. Historical data shows its reliability: Bitcoin’s major bull runs (e.g., 2017, 2021) saw sustained periods above the 200-day MA, while bear markets lingered below it. However, it’s a lagging indicator, so combining it with other tools enhances its predictive power. (134 words) 0 reply
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