Cryptocurrency News

Bitcoin Bull Run Is Just Getting Started – Market Prediction Report.

The price of the leading cryptocurrency Bitcoin [BTC] seems to have stalled below $60k after attaining new all-time highs earlier in March. PlanB, a cryptocurrency analyst active on Twitter, thinks Bitcoin [BTC] might have tons of room to Gallup however.

“IMO we are only ~4 months into the market and nowhere near the top of it,” PlanB tweeted on Friday. “Bitcoin is simply getting started,” he added, showing Bitcoin’s present path on one among his Stock-to-Flow charts. Multiple Stock-to-Flow models exist for Bitcoin which show Bitcoin’s price path in line with its halving events and offer over time.

YouTuber and derivatives trader Tone Vays also carries a bull run macro view, although he thinks a dip lower for Bitcoin isn’t out of the question.

“Bitcoin is consolidating but I remain bullish within this market,” Vays explained. “While it’s still possible for bitcoin to form a lower low for the month within the $48k range, I think we’ll go up to above $70k before June,” he added.

After trading past $61,000 this month, Bitcoin retraced down near $50k. For the foremost part, the drop occurred over roughly fortnight, with some relief bounces mixed in, instead of during a straight, single-day $10k shot downward. In line with TradingView data, BTC holds a price of $54,550 USD at the time of reporting, looking back on each day of overall upward price action.

Additionally, other cryptocurrency assets still make headlines within the price category also.

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