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Bitcoin 200-Day Moving Average Chart
The Bitcoin 200-day moving average chart is considered a key chart by crypto traders and crypto market analysts for determining overall long-term BTC trend. The indicator appears as a line on a chart and meanders higher and lower along with the longer-term BTC price.
The BTC 200-day MA seems, at times, to serve as an uncanny support level when the price is above the moving average or a resistance level when the price is below it.
| Date | Closing Price (BTC) | 200-Day Moving Average (BTC) |
|---|
The Bitcoin 200-Day MA Chart
The BTC 200-day MA chart, which plots roughly 40 weeks of trading, is commonly used in crypto trading to determine the general Bitcoin trend. As long as a BTC price remains above the 200-day MA on the daily time frame, the coin is generally considered to be in an overall uptrend. One frequently used alternative to the 200-day MA is a 255-day moving average that represents the trading for the previous year.
As a very long-term moving average, the 200-day MA is often used in conjunction with other, shorter-term moving averages charts to show not only the BTC trend but also to assess the strength of the trend as indicated by the separation between moving average lines. For example, comparing the 50-day MA and 200-day charts is relatively common.
When Bitcoin moving average lines converge, this sometimes indicates a lack of definitive crypto market momentum, whereas the increasing separation between shorter-term moving averages and longer-term moving averages typically indicates increasing trend strength and market momentum.
Death Crosses and Golden Crosses - Bitcoin MA200 Chart
The 200-day moving average chart is considered such a critically important trend indicator that the event of the Bitcoin 50-day MA crossing to the downside of the 200-day MA is referred to as a "death cross", signaling an upcoming bear trend in BTC.
In like fashion, the Bitcoin 50-day MA crossing over to the upside of the 200-day MA is sometimes called a "golden cross", referring to the fact that a Bitcoin is considered "golden", or nearly sure to rise in price once that happens.