PlanB – This is Why $69K Was Not The Top of This Bitcoin Cycle

PlanB on why he (and many others, including myself) believe $69K was NOT the top for this halving cycle

This is Why $69K Was Not The Top of This Bitcoin Cycle, PlanB Exlains

“However, PlanB doesn’t think so. The popular anonymous analyst, perhaps best known as the creator of the stock-to-flow model, recently asserted that a typical bear market means an 80% correction. In other words, this would put BTC’s price at $14,000, which is below the 2017 ATH of $20,000 and, more importantly, below the 200 weekly moving average.

As the chart below demonstrates, bitcoin has never dropped below the 200WMA, and PlanB believes it ‘will never happen.’”

https://twitter.com/100trillionUSD/status/1469252163776000004/photo/1

 

https://cryptopotato.com/this-is-why-69k-was-not-the-top-of-this-bitcoin-cycle-planb-exlains/

 

Master Asked on December 10, 2021 in Bitcoin.
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