PlanB, a crypto analyst, said in a post on the X platform: "The market is still trading sideways, and the trading range is around 60k, so I can re-enter the market. In addition, Bitcoin is in a bull market, but the rise has not yet come. Miners are still struggling with the consequences of the halving. We need another doubling of the bitcoin price to start the bull market."
Willy Woo, a prominent cryptocurrency analyst, commented below his tweet, "At current BTC pricing, only the latest models will be profitable after the halving. As the chart shows, now is usually a good time to buy BTC (and mine with the latest generation of hardware)."
PlanB: The rally is yet to come, requiring a doubling of the bitcoin price to start a bull market
2024-09-16 07:10:23
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