Bitcoin trades at $83,063 on Sunday midday, putting it 15.4 percent above its 200-day line, which runs at $71,969. At the same time the price is 34.1 percent short of its all-time high of $126,080. The two numbers belong together, because they answer different questions: the distance to the moving average says whether the uptrend is intact. The distance to the all-time high says how much headroom is open on paper.
Between them lies a third level that hardly anyone has named so far, even though it falls out of two independent calculations. One comes from the chart, the other from the miners' electricity bill. Both land at roughly $86,600 to $86,900. This article shows how that level arises, what happens on the network this coming Friday, and what bitcoin price prediction can be drawn from it for your coins.
The 200-day line sits at $71,969, the price $11,094 above it
The 200-day line is the average of the closing prices of the past 200 days. That average smooths away daily swings and shows which way the market has run over half a year. From CoinGecko's daily data, calculated across the full 200 days to October 11, the value come...
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