Following the tough conditions of last month, the crypto markets appear to be recovering, with Bitcoin leading the rally. Some market watchers asserted that the gains of last weekend lacked a concrete foundation and would be dumped shortly. Notwithstanding, the rallies have persisted, and, most recently, a notable analyst has disclosed a bullish metric that is likely to see Bitcoin surge further.
The last time BTC saw this level, it pushed to $60k shortly after
Prominent analyst and the architect behind the renowned stock-to-flow (S2F) model, PlanB, has revealed a pattern that preceded a significant upswing in Bitcoin’s price two years back.
Taking to Twitter, PlanB (@100trillionUSD) noted, “last green candle at current level (Dec 2021) took us to $60K in 4 months ,” referring to the candlestick pattern witnessed in late December 2020, when the asset’s value was similar to the current level.
After starting the year with a value of $7k, Bitcoin pushed to the $10,000 mark in June of...
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