PlanB: The rise is not yet coming, and the price of Bitcoin needs to double to start the bull market
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Odaily Odaily News Crypto analyst PlanB posted on the X platform, "The market is still trading sideways, with a trading range of around 60k, and I can re-enter the market. In addition, Bitcoin is in a bull market, but the rise has not yet come. Miners are still struggling to cope with the consequences of the halving. We need the price of Bitcoin to double again to start the bull market." Willy Woo, a well-known cryptocurrency analyst, commented below his tweet, "At the current BTC pricing, only the latest models of mining machines will be profitable after the halving. As the chart shows, now is usually a good time to buy BTC (and use the latest generation of hardware for mining)."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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