As per my view BTC still needs few days for consolidating its peak of ~32 lakh or $42K. We see so many rejections while rising above symmetrical triangles in hourly candles. However the strong analysis is also of negative breakout which means bitcoin can dump further to $19K (as shared by many people over youtube channels) I still do not hold any such thought. I...
2yr Constant Weekly Purchase Average Price.
Even if someone kept buying Bitcoin in equal Rupee amount during the 2017 vertical rally(last 2years i.e. 104 weeks non stop constant purchase), he would still be in profit
BTCINR above 52wk average constant purchase price. Someone putting in Rs 1000 per week in Bitcoin for last 52 weeks(one year) would be in profit right now even in bearish market.
Historically, Bitcoin has spent 80% of time above the 52-week weekly constant purchase price.