Cryptocurrency analyst Ali Martinez touched on the trend of Bitcoin price in a recent post.
Cryptocurrency analyst Ali Martinez discussed a metric that he claims gives a clue as to which direction Bitcoin will head in his statement.
According to the analyst, the 200-day simple moving average (SMA) data is quite effective in determining the trend direction of BTC. Martinez stated that if the BTC price is above this metric, there is an expansion in price, while if it is below, it usually indicates a bear market.
Source - bitcoin sistemi
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