Bitcoin (BTC) has been declining for several weeks. A recognized quantum analyst now expects the bearish price action to end soon. He says: Now is the best buying opportunity in the history of Bitcoin! What makes him believe that?
Bitcoin: Top analyst expects the trend to reverse
be able to show strength Bitcoin most recently in late March, when the price briefly rose to $ 48,000. However, the profit could not be maintained, Bitcoin and Co. has been declining since the end of the rally. The crypto markets are rising again and again, temporarily flickering light green – only to give up all increases again shortly afterwards. Cryptocurrency number 1 is currently trading at $ 41,529 after rising 0.23% in the last 24 hours.
Hardly moved Ethereum (ETH), the second most valuable cryptocurrency, is currently trading at $ 3,081 after falling 0.35% on the daily chart. Only two altcoins are experiencing double-digit gains today: Ethereum competitor Zilliqa (ZIL) rose 11%, and Synthetix Network Token (SNX) rose 10%. Overall, the crypto market value has risen by about 0.24% since yesterday, it now stands at $ 1.92 trillion, still below the psychologically important $ 2 trillion. Investors are on hold: Many hold back on investing until the market shows a clear direction. Atmosphere: discouraged. The “fear and greed” index, for example, an indicator of investor sentiment, has been on “fear” for several months. Concerns about inflation, money pressure in the United States, geopolitical uncertainty over the Ukraine war – all these factors affect the markets. But not much longer, believes “PlanB”, one of the best known Bitcoin experts ever. More than 1.8 million people follow him on Twitter – no other crypto strategist has such a large following. Among other things, the Dutchman is famous for his “stock-to-flow” Bitcoin price forecast model (S2F). Bitcoin was recently unable to achieve its predictions – according to PlanB, the cryptocurrency is on its way there again. In an interview, the pseudonymous quantum analyst emphasizes: The next few months will be bullish for Bitcoin – he even talks about the “best buying opportunity in all of history” of the cryptocurrency! But how did he get it – and what development should we expect now?
External content from youtube.com is shown here.
Need to buy Bitcoin now?
PlanB is safe: BTC is on the verge of its next bull run that will propel it to new heights. At the risk of being called a fanatic, all signals, whether you look at them fundamentally, such as stock-to-flow or on-chain, realized cap or other measurements, or in the news, macro news, number of countries open up for bitcoin. Everything is positive, “said the chart expert. However, he also warns that there is still a possibility that an unexpected event could cause the markets to enter a longer downward trend.
However, the analyst currently sees no sign of such a “black swan”, adding: Volatility is low, as is the futures premium. If both start to rise, this is an indication of the next bull run. PlanB therefore comments: “I look like a hawk to see if volatility will rise again and if leverage will return to the market.” In his view, the current situation could represent “one of the best buying opportunities”, as “we have seen” in the whole history of seen bitcoin “. The markets can be compared to the beginning of 2011, 2012, 2013 or 2016. Bitcoin also exhibited such behavior at the time – but then exploded into a full-fledged bull run. PlanB’s conclusion: “I know it sounds good [hoffnungslos optimistisch] but that’s how I see it. ” So it’s still exciting: is Bitcoin actually on the verge of its next big price explosion, which will push it to unprecedented heights?
Blockchain – How does the technology behind Bitcoin & Co work?
Ethereum before update to 2.0: Top analyst sees a price explosion of 110%!