{"id":137865,"date":"2024-09-25T11:30:10","date_gmt":"2024-09-25T08:30:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137865"},"modified":"2024-09-25T01:52:28","modified_gmt":"2024-09-24T22:52:28","slug":"137865-2","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/137865-2\/","title":{"rendered":"Bitcoin&#8217;s Calm Before the Storm: Are New Highs on the Horizon?"},"content":{"rendered":"<p>In a recent update, PlanB noted that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>has been consolidating around the $60,000 mark, akin to its behavior near $10,000 back in 2020. He expressed confidence that a surge is imminent, stating, \u201c$60,000 is the new $10,000. It\u2019s just a matter of time before it shoots up.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">60,000 is the new 10,000 \u2026<br>\na matter of time before it explodes upwards IMO <a href=\"https:\/\/t.co\/qMrqEj8TO4\" rel=\"nofollow\">pic.twitter.com\/qMrqEj8TO4<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1836351477930918351?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He shared a chart highlighting the realized price metric, which reflects the value of all Bitcoin currently in circulation based on their last transaction price. According to the chart, the five-month realized price level is serving as a strong support zone, reminiscent of 2020\u2019s price action.<\/p>\n<p>PlanB further indicated that Bitcoin is currently in a \u201c<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">boring<\/a><\/strong>\u201d phase of the market cycle that typically precedes a dramatic price increase. He pointed out that while Bitcoin experiences long periods of stagnation, the most significant price movements occur in brief bursts, as seen in 2013, 2017, and late 2020.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-137818\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>He <strong><a href=\"https:\/\/x.com\/100trillionusd\/status\/1837816037363814768?s=46&amp;t=4Yu3wvaLPzQD5rGOeliWGw\" rel=\"nofollow\">emphasized<\/a> <\/strong>that the majority of Bitcoin\u2019s gains have been concentrated in only 27 months throughout its 162-month history, highlighting the critical nature of these short timeframes. \u201cDon\u2019t miss the next leg up!\u201d he urged, encouraging investors to stay alert for upcoming opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quantitative analyst PlanB is predicting a significant breakout for Bitcoin (BTC), suggesting it may soon mimic the explosive price action seen in 2020.<\/p>\n","protected":false},"author":3,"featured_media":22722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,108],"coin_category":[],"class_list":["post-137865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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