BITCOIN - 200 SMA DMA - Price analysis
Taking a look at previous corrections in relation to 200 slow moving average price, gives us one way to look for target prices, should bitcoin ever stop making daily ATH's ever again. ;)
As you can see price is currently about 2.5x 200 SMA. BTC has historically gone upwards of 4-5x 200 SMA (before a major blowoff), so there's no guarantee a correction is imminent, however, if there is one, you want to be ready to buy. But at what price? Based on the data presented here, prices would between $4500-$5200 would be within the range of typical, yet significant pullbacks - all relative to 200 SMA.
As you can see price is currently about 2.5x 200 SMA. BTC has historically gone upwards of 4-5x 200 SMA (before a major blowoff), so there's no guarantee a correction is imminent, however, if there is one, you want to be ready to buy. But at what price? Based on the data presented here, prices would between $4500-$5200 would be within the range of typical, yet significant pullbacks - all relative to 200 SMA.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.