How can I calculate the 200-day moving average for bitcoin?

4 answers

• Dec 14, 2021 · 3 years ago
  Sure! Calculating the 200-day moving average for bitcoin is a useful tool for understanding the long-term trend of the cryptocurrency. Here's how you can do it: 1. Gather the daily closing prices of bitcoin for the past 200 days. 2. Add up all the closing prices. 3. Divide the total by 200 to get the average. This average represents the 200-day moving average for bitcoin. It can help you identify whether the price is trending upwards or downwards over a longer period of time.
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• Dec 14, 2021 · 3 years ago
  Calculating the 200-day moving average for bitcoin is not as complicated as it sounds. All you need is a spreadsheet program like Excel or Google Sheets. Here's a simple step-by-step guide: 1. Create a new column and label it 'Moving Average'. 2. In the first cell under 'Moving Average', enter the formula '=AVERAGE(B2:B201)', assuming that the bitcoin closing prices are in column B from row 2 to 201. 3. Copy the formula down to calculate the moving average for the rest of the rows. That's it! You now have the 200-day moving average for bitcoin.
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• Dec 14, 2021 · 3 years ago
  Calculating the 200-day moving average for bitcoin is an important analysis tool for traders and investors. It helps smooth out short-term price fluctuations and provides a clearer picture of the long-term trend. If you're looking for a convenient way to calculate the moving average, you can try using the BYDFi platform. They offer a range of technical analysis tools, including the ability to calculate moving averages for various time periods. Simply input the necessary parameters, such as the time period (200 days) and the cryptocurrency (bitcoin), and the platform will generate the moving average for you.
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• Dec 14, 2021 · 3 years ago
  The 200-day moving average for bitcoin can be calculated using various methods, depending on your preference and the tools available to you. Some popular options include using trading platforms like Binance or Coinbase, which provide built-in technical analysis tools for calculating moving averages. Alternatively, you can use programming languages like Python or R to write your own code for calculating the moving average. There are also online calculators and mobile apps that can help you with this task. Choose the method that suits you best and start analyzing the long-term trend of bitcoin!
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