I'm going to keep this simple - Three reasons why I am buying more BTC at $24,000
1. Price rallied from $24,000 (see yellow-shaded area). This is proof that demand exceeded supply in a big way. If that were not the case price would have been trading sideways.
2. Bitcoin has yet to visit $24,000 for the first time since it rallied from there. This tells me there could still be a lot of un-filled buy orders.
3. At $24k Bitcoin would be approximately 63% down from its all-time-high
1. Price rallied from $24,000 (see yellow-shaded area). This is proof that demand exceeded supply in a big way. If that were not the case price would have been trading sideways.
2. Bitcoin has yet to visit $24,000 for the first time since it rallied from there. This tells me there could still be a lot of un-filled buy orders.
3. At $24k Bitcoin would be approximately 63% down from its all-time-high