Cryptocurrency

Bitcoin

Bitcoin, which could not hold on above $ 38,000, is just above $ 37,000 after the decline it has experienced in recent days.
While investors are having a dilemma about whether BTC will fall again and its price, a Bitcoin post that will please investors came from the popular cryptocurrency analyst Plan B.
Cryptocurrency analyst PlanB, who popularized the Bitcoin stock-to-flow model (S2F), which came to prominence for correcting several price predictions of BTC during the previous bull run, claimed that Bitcoin will never fall below $35,000 again.
At this point, Plan B, sharing through account X, established a connection between the value of BTC and its hashrate.
Stating that Bitcoin rose to $ 35,000 yesterday on the basis of difficulty (hash rate), the popular analyst said that, except for possible short-term fluctuations, this valuation may mean that BTC will never fall below $ 35,000 again.
<blockquote>
 “Bitcoin valuation based on difficulty (hash rate) rose to $35,000 yesterday.
 “IMO, this could mean BTC will never fall below $35k again based on $/kWh arbitrage fundamentals, barring possible black swans or short-term fluctuations.”
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Bitcoin valuation based on difficulty (hashrate) increased to $35k yesterday. IMO this could mean that, apart from possible black swans or short term volatility, based on $/kWh-arbitrage fundamentals … BTC will never go below $35k ever again. <a href="https://t.co/JPLkXieQAP" rel="noopener noreferrer nofollow">pic.twitter.com/JPLkXieQAP</a>
 — PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1729194629785166214?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2023</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ambitious-bitcoin-prediction-from-planb-btc-will-never-fall-below-this-level-again/" rel="noopener noreferrer nofollow">Ambitious Bitcoin Prediction from PlanB: "BTC Will Never Fall Below This Level Again!"</a>

Ambitious Bitcoin Prediction from PlanB: "BTC Will Never Fall Below This Level Again!"

Bitcoin Sistemi EN

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