Lets face it... When its a down market, everything is on sale. Some might think of it as a tragedy - many savvy investors see the lower end of the candles as opportunity to buy cheap.
Since the original hype of BTC has subsided, a lot of the "get rich quick" people have stopped funneling their mortgage into bitcoin. This being said, it did gain the attention of many large investors across the Globe. Banking institutions, governments, financial advisors, and bedroom traders (like myself), keep close eye on the market for trading - along with watch the social development and adoption of crypto as a whole.
With this being said, I do believe, that the "sale" price, the point at which investors (long term HODL types) seem to be interested in buying BTC is rising.
We saw this come up from $5,800, slowly, to $6,200.
Imagine this, you're a "buy the dip" kind of person (smart, good for you).... You place your buy order at a bargain price (in your opinion), and you see the dip JUST misses your buy order... Time to reevaluate the price, see where the depth chart lies (if its reflective enough), and up the buy order for the next dip... Rinse, and repeat.
This is an OBSERVATION, NOT TRADING INFORMATION - I DO NOT KNOW WHAT I AM TALKING ABOUT, IF YOU LOSE YOUR MONEY, DO NOT BLAME ME.
Since the original hype of BTC has subsided, a lot of the "get rich quick" people have stopped funneling their mortgage into bitcoin. This being said, it did gain the attention of many large investors across the Globe. Banking institutions, governments, financial advisors, and bedroom traders (like myself), keep close eye on the market for trading - along with watch the social development and adoption of crypto as a whole.
With this being said, I do believe, that the "sale" price, the point at which investors (long term HODL types) seem to be interested in buying BTC is rising.
We saw this come up from $5,800, slowly, to $6,200.
Imagine this, you're a "buy the dip" kind of person (smart, good for you).... You place your buy order at a bargain price (in your opinion), and you see the dip JUST misses your buy order... Time to reevaluate the price, see where the depth chart lies (if its reflective enough), and up the buy order for the next dip... Rinse, and repeat.
This is an OBSERVATION, NOT TRADING INFORMATION - I DO NOT KNOW WHAT I AM TALKING ABOUT, IF YOU LOSE YOUR MONEY, DO NOT BLAME ME.