📉 PlanB Predicts Bitcoin May Drop Below $53,000
PlanB, creator of the Stock-to-Flow model, believes Bitcoin is likely to form a bottom below its Realized Price, currently around $53,000.
He notes that in previous bear cycles, Bitcoin always fell below this level. The current Realized Price closely matches the 200-week geometric moving average, which PlanB sees as a key zone for bottom formation.
🎨Non | Fungible | Tokens
Business Tips💳 | Crypto❤️
PlanB, creator of the Stock-to-Flow model, believes Bitcoin is likely to form a bottom below its Realized Price, currently around $53,000.
He notes that in previous bear cycles, Bitcoin always fell below this level. The current Realized Price closely matches the 200-week geometric moving average, which PlanB sees as a key zone for bottom formation.
🎨Non | Fungible | Tokens
Business Tips💳 | Crypto❤️