PlanB: The bull market requires the price of Bitcoin to double in order to start
Cryptocurrency analyst PlanB posted on platform X, "The market is still consolidating sideways, with the trading range around 60k where I can re-enter. Moreover, Bitcoin is in a bull market but the rise has not yet come. Miners are still struggling to deal with the consequences of halving. We need Bitcoin's price to double again to kick off the bull market."
Cryptocurrency analyst Willy Woo commented below his tweet, "At current BTC pricing, only the latest model miners can profit after halving. As shown in the chart, now is usually a good time to buy BTC (and mine using the latest generation hardware)."
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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