⚡Bitcoin and its price movement⚡

📉The 200-day moving average is a long-term average that helps determine the general health of a given asset. A 200-day moving average is calculated by taking the last 200-day closing prices of any security, adding them, and dividing them by 200.

📊This is interpreted by plotting as a line on a graph and goes up or down along with the long-term movement of the stock, commodity or some other value that is being tracked.

✍🏻#DMA can smooth out price data, but may not be as effective as #EMA. (or exponential moving average) in reducing "noise".#EMAprovides more efficiency in reducing price distortion and a more accurate representation of the current trend in the market.

📈The Weighted Moving Average, also known as #WMA , is a technical indicator used by traders to determine the direction of trading and make buy or sell decisions. This indicator places more importance on recent data and less on aspects of past data.

🎯With all this, our friend has an average of a new all-time high above $50,000, both in the daily and weighted moving average.

#Nomorequestions💎