Moonshadow
Thu Jul 11 2024
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6 answers
1525
How long has bitcoin been below 200wma?
Could you elaborate on the duration for which Bitcoin has been trading below its 200-day moving average? This metric is often used by investors and traders to gauge the long-term momentum and trend of an asset. Understanding how long Bitcoin has been in this position can provide valuable insights into the market sentiment and potential for a rebound or continuation of the current downtrend. It's crucial to consider this information alongside other technical indicators and market analysis to make informed investment decisions.
