common-close-0
BYDFi
Trade wherever you are!

What impact does the 200-day moving average of the US dollar have on the cryptocurrency market?

avatarAkmal MaksumovDec 26, 2021 · 3 years ago1 answers

How does the 200-day moving average of the US dollar affect the cryptocurrency market? What is the relationship between the US dollar's 200-day moving average and the price movements of cryptocurrencies?

What impact does the 200-day moving average of the US dollar have on the cryptocurrency market?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we closely monitor the 200-day moving average of the US dollar and its impact on the cryptocurrency market. The US dollar's 200-day moving average can serve as a useful tool for predicting the short-term price movements of cryptocurrencies. However, it is important to note that the cryptocurrency market is highly volatile and influenced by various factors. While the US dollar's 200-day moving average can provide insights, it should not be the sole basis for making investment decisions. Traders and investors should consider a wide range of factors and conduct thorough research before making any trading or investment choices.