A 365-day moving average represents the average price of an asset over the past 365 days. This technical analysis indicator smooths out daily price fluctuations to identify long-term trends in digital asset markets. It provides a delayed signal of market direction by continuously recalculating the average, thereby reducing the impact of short-term volatility. Traders and analysts use this metric to assess the sustained momentum of a cryptocurrency, often viewing price action above or below it as bullish or bearish indicators respectively.
Context
The 365-day moving average is a widely observed benchmark for evaluating the long-term health and directional bias of crypto assets. Discussions frequently center on its crossovers with shorter-term moving averages, which can signal significant market shifts. Its utility in filtering market noise makes it a relevant tool for understanding macro trends reported in financial news concerning digital asset valuations.
Bitcoin's price has dropped below a critical 365-day moving average, wiping out $700 billion from the market and signaling extreme fear among investors.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
