joncorreia

BTC final support ~200 weekly moving avg?

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BITSTAMP:BTCUSD   Bitcoin
When you zoom out on the weekly log chart, big picture you see the historical pull back to the 200 weekly moving avg at a min. That's about a -20% pull back from current ~$30k levels, bringing it to ~$24k. Buying Bitcoin at the 200 weekly moving avg price, is the ultimate value investing time to load up historically. We're in new uncharted territory for Bitcoin regarding: macro, Fed policy, and literally even the BTC chart of 9 weekly red candles closes for example. But still big picture BTC will def be at ~breakeven cost unit cost, and highly fair valued at that 200 weekly price.

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