{"id":25973,"date":"2024-02-03T07:49:46","date_gmt":"2024-02-03T07:49:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/why-40k-may-be-bitcoins-lowest-point-moving-forward\/"},"modified":"2024-02-03T07:49:46","modified_gmt":"2024-02-03T07:49:46","slug":"why-40k-may-be-bitcoins-lowest-point-moving-forward","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/why-40k-may-be-bitcoins-lowest-point-moving-forward\/","title":{"rendered":"Why $40K May Be Bitcoin’s Lowest Point Moving Forward"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In a recent video analysis on his YouTube channel, Plan B, the creator of the Bitcoin Stock-to-Flow (S2F) model, shared his monthly insights on Bitcoin\u2019s performance and its future trajectory. Here\u2019s a summary of his analysis, interspersed with quotes to highlight his key points.<\/p>\n

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Bitcoin is above all those realized prices\u2026 that might mean that Bitcoin will not go below 40K ever again.<\/p>\n<\/blockquote>\n

Plan B started with an update on the S2F chart, noting that Bitcoin closed the month at $42,000, consistent with the previous month, and still below the S2F line which predicts a value between $50,000 and $60,000. \u201cWe\u2019re still a little bit below the stock-to-flow line\u2026 that\u2019s still 20, 30, 40% up to reach that line,\u201d<\/em> he remarked. With the halving approaching in April, he expressed optimism for Bitcoin\u2019s price to align with the S2F model predictions, as it has in the past cycles.<\/p>\n

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Source: Plan B on X @100trillionUSD<\/a><\/em><\/figcaption><\/figure>\n

Relative Strength Index (RSI)<\/h2>\n

Discussing the RSI, Plan B noted it remained at 62, similar to last month. He emphasized the historical uptrend seen in the last three months before a halving<\/a>, suggesting a potential increase. Reinforcing the anticipation of a positive movement toward the halving, he explained:<\/p>\n

\u201cEverything above 50 indicates an uptrend\u2026 chances are high that we\u2019re just slowly crawling up,\u201d<\/em><\/p>\n

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The analysis then moved to the 200-week moving average, with Bitcoin\u2019s price at $42,000 outpacing the average at $31,000. Plan B suggested this divergence indicates a bullish outlook, potentially setting $31,000 as the floor price. \u201cIt could mean\u2026 we will not drop below 31k again,\u201d<\/em> he posited, highlighting the rising trend of the moving average as a signal of increasing support levels.<\/p>\n

Bitcoin in Profit<\/h2>\n

Plan B highlighted that 90% of all Bitcoin<\/a> is currently in profit, the highest since the all-time high in October 2021. This statistic underlines the market\u2019s strength, with most investors seeing positive returns except those who bought in 2021. Ssuggesting a solid market condition that precedes new highs, he noted:<\/p>\n

\u201cOnly the 2021 buyers here are in loss; everybody else is in profit,\u201d<\/em><\/p>\n

Discussing Bitcoin\u2019s realized prices, Plan B pointed out that Bitcoin is above all key realized price metrics, indicating a bullish signal. \u201cBitcoin is above all those realized prices\u2026 that might mean that Bitcoin will not go below 40K ever again,\u201d<\/em> he theorized, underlining the strength of the current price level above these metrics.<\/p>\n

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Realized Return and Market Cycles<\/h2>\n

Lastly, he touched on the realized return, observing that coins sold last month were at a profit, indicating a healthy market ready for a bull run. \u201cSellers are taking profit; they\u2019re not cutting losses,\u201d<\/em> he mentioned, suggesting the buildup to a bull market. Regarding market cycles, Plan B hinted at the anticipation of the next phase post-halving, with expectations set for a new all-time high potentially within six months after the halving.<\/p>\n

Concluding his analysis, Plan B called for viewers to subscribe and stay tuned for further updates, maintaining a cautiously optimistic outlook for Bitcoin\u2019s journey towards and beyond the next halving.\u00a0 Aligned with historical patterns of post-halving price actions, the analyst claimed:<\/p>\n

\u201cI would expect to see the next Red Dot in 3 to six months from here,\u201d<\/em> referring to the start of a new bull-market, something he is being asked for all the time by his followers on X and elsewhere.<\/p>\n

At the time of writing, Bitcoin is moving hands at $43,099.43 according to CoinMarketCap<\/a> data.<\/p>\n<\/p><\/div>\n