BREAKING
368d 3h ago

Bitcoin Bull Market Countdown: Analyst PlanB Highlights Stock-to-Flow Shift as FOMO Kicks In

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

In a recent update, notable cryptocurrency analyst PlanB took to Twitter to share insights with his 2 million followers about Bitcoin’s performance. According to his analysis, nearly a year following the anticipated halving event, a key indicator within Bitcoin’s Stock-to-Flow (S2F) model has shifted from a red to an orange dot, projecting a future transition to yellow. This transition is indicative of the market entering a pivotal phase, traditionally characterized by substantial price increases and heightened fear of missing out (FOMO) among investors. As the cryptocurrency landscape evolves, this development could suggest that Bitcoin may be poised for considerable price movements, prompting traders and analysts to closely monitor these shifts for investment opportunities.

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