Five Important Bitcoin Price Metrics
Moving Averages and Relative Strength
Since Bitcoin has some intense volatility and strange price behavior, moving averages add a little bit of sanity to the madness:
The price has also been running above the fifty-day moving average for a while now:
And the two-hundred-day moving average shows that we are still close to levels seen near the peak of the last two cycles:
Current moving average levels are well off any death cross:
And RSI levels are elevated but remain below the overbought threshold:
The big surprise in these metrics is how they make the price cycle more clear. I’ve been involved with crypto trading for about five years now and kind of wish I had paid more attention to these more stable trends than the volatility that occurs day to day. I’m still planning to add Bitcoin to the Endless Metrics fund eventually but, as these charts show, a reasonable entry point may be some time from now.
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