BTC final support ~200 weekly moving avg?
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.