AmyDavis
Wed Jul 10 2024
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6 answers
1573
How to calculate SMA price for bitcoin?
Could you elaborate on how one might calculate the Simple Moving Average (SMA) price for Bitcoin? I'm particularly interested in understanding the steps involved and the role that historical data plays in this process. Would you recommend using a specific time frame, such as 5-day, 10-day, or 30-day SMA? Additionally, how does the SMA help investors make informed decisions regarding Bitcoin's price movements? Could you provide a concise yet comprehensive explanation of the calculation process and its application in cryptocurrency analysis?
