{"id":31030,"date":"2024-05-20T11:05:31","date_gmt":"2024-05-20T11:05:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/final-opportunity-to-buy-bitcoin-under-70000-is-now\/"},"modified":"2024-05-20T11:05:31","modified_gmt":"2024-05-20T11:05:31","slug":"final-opportunity-to-buy-bitcoin-under-70000-is-now","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/final-opportunity-to-buy-bitcoin-under-70000-is-now\/","title":{"rendered":"Final Opportunity to Buy Bitcoin Under $70,000 Is Now"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Quant analyst PlanB has observed patterns in Bitcoin (BTC) similar to those seen in 2017, suggesting a potential price surge. PlanB, a well-known figure in the crypto world, shared with his 1.9 million followers on X (formerly Twitter) that Bitcoin appears to be four months into its bull market. He highlighted this with the appearance of four red dots on his chart, a sign reminiscent of the 2017 bull run, when the price of the world\u2019s flagship cryptocurrency went up almost 20x.<\/p>\n

In 2017, Bitcoin was trading around $1,200 at the fourth red dot. It skyrocketed to nearly $20,000 by the year\u2019s end. PlanB\u2019s current analysis points to a similar trajectory for Bitcoin<\/a> now.<\/p>\n

PlanB is also examining different variations of Bitcoin\u2019s realized cost price indicator. This indicator measures the value of Bitcoin based on the price at which coins were last transacted. His chart displays three variations of this metric: the five-month, two-year, and total realized cost price of BTC. All these metrics currently show Bitcoin\u2019s price above them, indicating a bullish trend.<\/p>\n

\u201cLast chance to buy Bitcoin below $70,000?\u201d<\/em> PlanB suggests, hinting that the current trading levels might not last long.<\/p>\n

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Moreover, PlanB points out the historical link between miner revenue and Bitcoin\u2019s price movements. After each halving, miner revenue typically rebounds within two to five months. Following this recovery, Bitcoin prices tend to surge dramatically.<\/p>\n

\u201cHistorically, Bitcoin miner revenue recovers two to five months after a halving, and after that Bitcoin price goes vertical,\u201d <\/em>he noted previously.<\/p>\n

The analyst then strengthened his prediction on a possible price uptick by adding that \u201cHalvings are key to Bitcoin.\u201d<\/em><\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) Quant analyst PlanB has observed patterns in Bitcoin (BTC) similar to those seen in 2017, suggesting a potential price surge. PlanB, a well-known figure in the crypto world, shared with his 1.9 million followers on X (formerly Twitter) that Bitcoin appears to be four months into […]<\/p>\n","protected":false},"author":5,"featured_media":31031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31030"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31030"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31031"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}