Bitcoin price is nowhere near setting new all-time highs, but an important long-term price average is doing so, day after day, month after month.
What is this moving average being referenced, and what does it setting new highs potentially mean?
Meet The Moving Train: The 50-Month Moving Average
As Bitcoin and the rest of the crypto market grind painfully sideways, a key measure using a moving average of BTCUSD price action is rising steadily, now at its highest point ever historically.
The moving average in reference is the 50-month moving average (50MA). To calculate the span, simply take the last 50 months worth of BTCUSD closing prices, add them together, then divide them by the 50 (the number of months worth of data in the period).
Traders use moving averages for a variety of reasons. This includes as trend-following tool, as trend lines, and for timing entries and exits. Such signals trigger when price passes above or below the span, or if two moving averages crossover one anothe
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