
@PlanB_Bitcoin
YouTube
Avg. Quality
72
Success Rate
10.00
Analysis
10
Correct
1
Fail
2
Pending
7
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending

BTCUSDT
Entry
75,870.0000
2024-11-08
13:25 UTC
Target
500,000.0000
Fail
33,000.0000
Risk / Reward
1 : 10
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BTCUSDT
Pending

Body
The video discusses Bitcoin's price movement based on historical patterns and indicators. Bitcoin closed October at $70,000 and is currently at $76,000, breaking a month-long trading range. If historical trends hold, sharp price increases are anticipated. The Stock-to-Flow model predicts an average Bitcoin price of $500,000 this halving cycle, with a deviation band from $25,000 to $1,000,000. The two hundred week moving average is at $42,000. Based on a Bitcoin national reserve is expected more purchasing pressure. He predicts a 75-85 range, signalling strong upward momentum. All prices should be higher than the realized cost price which are currently at $34,000, according to 2Y.