PlanB: Bitcoin Breakout Above $60,000 Range “Is Just a Matter of Time”
Crypto analyst PlanB opined on the X platform that “$60,000 is the new $10,000,” suggesting that Bitcoin's current price behavior in the $60,000 range could recreate its previous pattern in the $10,000 range.
A long-term chart of Bitcoin's realized price shared by PlanB shows that between 2018 and 2020, Bitcoin experienced long-term volatility in the $10,000 range. Currently, the Bitcoin price is showing similar characteristics in the $60,000 range. This similarity may signal that Bitcoin is on the verge of a significant new rally, similar to the previous breakout from $10,000 to $60,000, and PlanB emphasizes that it's “only a matter of time” before Bitcoin's price breaks out to the upside.
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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