- Bitcoin (BTC) will hit another bull run.
- PlanB believes the bull run will end after 6 months and not at 2021’s end.
- BTC holders should go long.
As we enter Q4, many crypto analysts are certain that the road to recovery is very much in tow. In particular, seasoned crypto trader and analyst — PlanB, shares his analytical prowess with his opinion on Bitcoin’s price chart.
Read CRYPTONEWSLAND on
google news
In detail, PlanB says that he finished an on-chain analysis. To highlight, he says that we are midway towards the second leg of the bull market. In his opinion, there is not a single sign of weakness yet for Bitcoin’s possible price run.
To emphasize, PlanB draws light to the chart in the tweet. He says that the color overlay on the chart is not months to halving but is in fact an on-chain signal. This is a truly exciting observation.
In conclusion, PlanB says that the second leg of the bull market will take place likely after 6 more months. At least, this is what he believes will happen based on his analysis alone.
Let’s have a quick look at Bitcoin’s rally this year. Bitcoin (BTC) set an ATH of $64,804.72, according to CoinGecko in April 2021. Along with this, many altcoins also surged massively.
However, soon after, there was a big dip in the crypto market. Over the last few weeks, the price of Bitcoin and many altcoins surged yet again. As of right now, most analysts believe that the market is still in its recovery stage.
Most importantly, the majority of crypto holders, traders, and analysts believe that a massive surge in crypto prices is yet to come. According to many notable figures in the industry, the price of Bitcoin (BTC) will likely reach $100,000 by the end of this year.
In contrast, PlanB’s latest analysis says that the next bullrun will end after 6 months. The tweet saw many interesting responses. For instance, some say the surge will happen by the time Jan 2022 arrives. Others call for long, meaning holders should continue to HODL for longer than expected to see greater results.
Related News
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
