TL;DR
- PlanB highlights November as a key accumulation period for Bitcoin before the April 2024 halving, emphasizing that the six months leading up to and 18 months post-halving are significant for market dynamics. He believes that the scarcity resulting from each halving drives Bitcoin’s price.
- Past Bitcoin halvings have typically been followed by price surges, with BTC reaching its peak around 18 months post-halving. Currently, Bitcoin’s price is consolidating around $34,300, influenced by spot ETF news.
Pseudonymous crypto analyst PlanB recently shared his insights on the current state of Bitcoin, stating that November will be a crucial accumulation period for BTC bulls before the halving takes place in April 2024.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased