What is the average daily range of Bitcoin?

3 answers

• helpyourselfofficialFeb 22, 2024 · a year ago
  The average daily range of Bitcoin refers to the difference between the highest and lowest price at which Bitcoin trades within a single day. It is calculated by subtracting the lowest price from the highest price during that day. This range provides insights into the volatility and price movement of Bitcoin on a daily basis.
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• HivoJun 17, 2020 · 5 years ago
  The average daily range of Bitcoin is an important metric for traders and investors. It helps them understand the potential profit or loss they can expect from trading or holding Bitcoin on a daily basis. A larger average daily range indicates higher volatility, while a smaller range suggests lower volatility. Traders often use this information to set stop-loss and take-profit levels for their trades.
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• Mika-OliMar 04, 2024 · a year ago
  According to BYDFi, the average daily range of Bitcoin is currently around $1,000. However, it can vary significantly depending on market conditions and other factors. It's important to note that the average daily range is not a fixed value and can change over time. Traders should always stay updated with the latest market information to make informed trading decisions.
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