- Ali has advised crypto users not to wait for Bitcoin to drop to $20,000 before buying.
- The crucial demand bucket in Bitcoin history is between $25,000 and $30,000.
- Reportedly, most institutional investors bought Bitcoin between $25,000 and $30,000.
A renowned crypto data analyst identified as Ali on X (formerly Twitter) has advised crypto users to ignore calls asking them to wait for Bitcoin to drop to $20,000 before buying. According to Ali, the crucial demand bucket in Bitcoin history is between $25,000 and $30,000.
Most people, especially institutional investors like @saylor @MicroStrategy & @elonmusk @Tesla, bought #Bitcoin between $25K & $30K, making this a crucial demand bucket in $BTC history.So when they tell you "It's too late to buy #BTC" or "Wait for $20K," please ignore them! pic.twitter.com/B6rGtYidY6
— Ali (@ali_charts) October 18, 2023
In a recent post, Ali noted that $25,000 to $30,000 became Bitcoin’s historical demand bucket following significant volumes of the flagship crypto purchased between those prices. According to him, most people – especially institutional investors like Michael Saylor, MicroStrategy, Elon Musk, and Tesla bo…
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