Will BTC reach a high in February 2022?

Bitcoin's { {BTC}} price moved into bullish territory above the 200-day simple moving average (SMA) in October, setting record highs above $73,000 last month. Now, the average, a crucial barometer of long-term trends, is also rising fast in a sign of strong bullish momentum and appears set to surpass its previous peak of $49,452 in February 2022.

What is bitcoin's 200-day simple moving average?

The 200-day simple moving average is one of the most widely tracked indicators of bitcoin's long-term trend. May 29-31, 2024 - Austin, Texas The biggest and most established global event for everything crypto, blockchain and Web3. Register Now Bitcoin's 200-day average is on track to challenge its previous peak of $49,452 from February 2022.

What is a bitcoin technical gauge?

This gauge displays a real-time technical analysis overview for your selected timeframe. The summary of Bitcoin is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots. Learn more This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice.