#XmasCryptoMiracles
What will the price of Bitcoin be next week?
According to our Bitcoin forecast, the price of Bitcoin will increase by 9.18% over the next week and reach $ 107,661 by December 30, 2024.
What will the price of Bitcoin be next month?
According to our Bitcoin forecast, the price of Bitcoin will increase by 16.04% over the next month and reach $ 114,419 by January 24, 2025.
What is Bitcoin's 50-Day SMA and what does it indicate?
Bitcoin’s 50-day SMA (simple moving average) is currently $ 93,367. The 50-day SMA indicates the average price of Bitcoin over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive BTC price trend in the medium term, while a dropping SMA indicates the opposite.
The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.