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Bitcoin 50 Day Moving Average Chart

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50-day Moving Average with Bitcoin

The 50-day moving average (50-DMA) is a commonly used indicator in the realm of financial trading to gauge the trend of assets, including cryptocurrencies like Bitcoin. It's computed by summing up an asset's closing prices over the last 50 days, and then dividing that sum by 50. This calculation helps in smoothing out the daily price fluctuations to provide a clearer view of the asset's price trend over a given period.

Key Points:

  1. Trend Identification:

    The 50-DMA helps in identifying the short to medium-term trend of Bitcoin. A price above its 50-DMA is often considered to be in an uptrend, and vice versa.

  2. Support and Resistance Levels:

    Traders often view the 50-DMA as a support or resistance level. When the price is above the 50-DMA, it may act as a support level, and when it's below, it may act as a resistance level.

  3. 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.

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