After the all-time highs claimed by Bitcoin, now it is unable to climb past the $60,000 level. Early in March, Bitcoin price was rising nonstop. Nevertheless, BTC now seems to be at a certain level and cannot rise again. As of press time, Bitcoin sails at $56,028.34.
While some people opine that the bullish trend might be over, some people say it may still come back. A famous cryptocurrency follower who thinks the bullish trend may soon be back is an analyst on Twitter with the handle “Plan B.” According to him, Bitcoin price may still skyrocket once more.
PlanB Says Bitcoin Bull Run is Imminent
Last Friday, PlanB tweeted that the Bitcoin bull run is only four months gone, which doesn’t mean the end. According to him, the number one crypto is still starting in price hike.
PlanB showed his Stock-to-Flow charts showing the current path through which Bitcoin is moving to buttress his point. Many Stock-to-Flow models show Bitcoin’s price path, including supply and halving events over time.
Another Bitcoin enthusiast who made statements about the crypto is Tone Vays. Tone Vays is a derivatives trader and YouTuber who believes that Bitcoin might still experience a bullish trend. He agrees that Bitcoin may also experience some lows, but that doesn’t mean it won’t rise again.
According to what Vays said, Bitcoin price may come as low as $48k, but before June, the crypto may be selling at $70k.
Bitcoin Price Details this Month
Bitcoin traded above $61,000 in early March 2021. But it later dipped a little to $50,000. The drop from $61k to $50k occurred within two weeks apart.
There were certain days when the price went high, and on some days, it went down until it finally reached the $50k level.
But as of press time, Bitcoin is presently trading at 54,259.27 USD, according to TradingView data.