BTC INDEX against 5 biggest adopters
if we take a look at btc against the countries which traded the btc mostly.
to take out the inflation and market noise. we need to look at the chart with 5 major countries which are buying and selling bitcoin in their local currencies.
CNY, INR, PKR, NGN, EUR so if we average out these currencies we will get a value and then we divide btc with that value we will get the local avg price.
not everyone is looking at us dollar chart. sometimes we need to look at the bigger picture.
i have also multiplied to 148.68 to get actual value of btc to get clear understanding. we can already see that btc already tested the local 2019 top. which means we might already have bottomed out.
to take out the inflation and market noise. we need to look at the chart with 5 major countries which are buying and selling bitcoin in their local currencies.
CNY, INR, PKR, NGN, EUR so if we average out these currencies we will get a value and then we divide btc with that value we will get the local avg price.
not everyone is looking at us dollar chart. sometimes we need to look at the bigger picture.
i have also multiplied to 148.68 to get actual value of btc to get clear understanding. we can already see that btc already tested the local 2019 top. which means we might already have bottomed out.
Comment:
this chart of btc is looking interesting if we take a look at the chart of btc minus the inflation we can see where the bottom and top gonna be..