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SupplyDemand
Jun 30, 2021 4:37 PM

Bitcoin demand at 24k Long

Bitcoin / United States DollarCoinbase

Description

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

Comments
newbienxx
nice analyse
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