PlanB: Bitcoin is likely to truly "bottom out" only after falling below $53,000
BlockBeats news, on June 25, well-known analyst PlanB stated that Bitcoin is likely to truly bottom out only after falling below the realized price (around $53,000), just as has happened in every previous bear market.
Currently, since 2023, the curve representing the realized price has almost completely overlapped with the black curve representing the 200-week geometric moving average.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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