Bitcoin Sits Below Its 20-Day Average in Oct. 19 Market Snapshot

Bitcoin (BTC) was priced at $82,896.19 in an Oct. 19 market snapshot, up 1.41% over 24 hours and below its 20-day simple moving average (SMA). BTC stood above its seven-day SMA of $82,173.69, 50-day SMA of $81,539.79 and 200-day SMA of $72,614.45. The 20-day SMA was $83,358.06. The moving averages compare the snapshot price with averages over different periods. The technical readings also listed a moving average convergence divergence (MACD) histogram of 0.0000, with the MACD line and signal line both at 87.5496. The 14-period relative strength index was 52.01. An earlier report on Bitcoin’s 20-day exponential moving average used an Oct. 15 snapshot and cited $82,905. That reading used an exponential average, while the Oct. 19 figures use a simple average, and the snapshots are from different dates.

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