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Bitcoin 200 Week Moving Average (200 WMA) Chart

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200-Week Moving Average

A 200-Week Moving Average Chart for Bitcoin is a long-term technical analysis tool used by traders and investors to understand the long-term trend direction of Bitcoin's price. This chart displays the average price of Bitcoin over a period of 200 weeks, effectively smoothing out short-term price fluctuations and highlighting the longer-term trend.

Why It Matters:

Trend Identification: It serves as a powerful indicator to identify the long-term trend of Bitcoin's price. When Bitcoin's price is consistently above the 200-week moving average, it suggests a bullish trend, while prices below indicate a bearish trend.
Support and Resistance Levels: The 200-week moving average often acts as a significant support level during bull markets. Traders and investors use it to identify potential buying opportunities when Bitcoin's price approaches or bounces off this moving average.
Confirmation of Trends: It can confirm trend reversals. When Bitcoin's price crosses above or below the 200-week moving average, it can signal the beginning of a new trend, allowing traders to make informed decisions.
Reducing Noise: By smoothing out short-term price fluctuations, it filters out market noise, enabling traders and investors to focus on the bigger picture and avoid making impulsive decisions.

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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.

BuyBitcoinWorldwide - Bitcoin Price History, https://buybitcoinworldwide.com/price/

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.