According to Cointelegraph: Crypto asset manager Capriole Investments has advised investors to watch for a Bitcoin (BTC) price dip to $24,000, as it may offer a rare opportunity to buy at a support zone with a "100% long hit rate." As Bitcoin continues to track sideways around $26,000, many market participants are predicting further price downside, with $25,000 being a popular target. Capriole is more interested in long-term trend lines, such as Bitcoin's weekly support zone at $24,000 and its "Electrical Price" (EP), which refers to the average miner's electricity bill per BTC worldwide and currently sits at just over $23,000. EP has acted as strong support on long timeframes throughout Bitcoin's history, and Capriole describes it as a "historically hard price floor and level with a 100% long hit rate." Founder Charles Edwards believes that $23,000 should act as "rock solid support" and an incredible long-term opportunity if reached in the next few weeks.