›   Bitcoin Charts   ›   Bitcoin 200 Day Moving Average Chart

Bitcoin 200 Day Moving Average Chart

Loading chart... (uses JavaScript)

Understanding the 200-day Moving Average in Bitcoin

The 200-day moving average (200-DMA) is a significant indicator used by traders and analysts to assess the long-term trend of financial assets, including cryptocurrencies like Bitcoin. It is computed by taking the sum of an asset's closing prices over the last 200 days and then dividing that sum by 200. This process helps in smoothing out short-term price fluctuations to provide a clearer view of the asset's long-term trend.

Key Points:

Trend Identification

The 200-DMA is instrumental in identifying the long-term trend of Bitcoin. When Bitcoin's price is above its 200-DMA, it is considered to be in a long-term uptrend, and vice versa.

Support and Resistance Levels

The 200-DMA often acts as a support or resistance level. When the price is above the 200-DMA, it may act as a support level, and when it's below, it may act as a resistance level.

Related Charts

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Investopedia - Moving Average (MA): Purpose, Uses, Formula, and Examples, https://www.investopedia.com/terms/m/movingaverage.asp

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.

Get Bitcoin charts, data and stats with Bitbo.