A no-fail trade? Bitcoin traders who dollar-cost average are profitable By Cointelegraph

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© Reuters.

The weighted average cost of purchased recently reached a level signifying that all investors who have consistently dollar-cost averaged into the leading cryptocurrency are now in the black, regardless of how long they have been holding.

This news comes despite the price of Bitcoin, as measured in U.S. dollars, still being down by over 50% from its all-time high of around $69,000.

5-year chart of BTC, SPY and gold. Source: TradingView
YTD chart of . Vertical line indicates the day of the collapse of Silvergate. Source: TradingView