Popular analyst PlanB, which has 1.8 million followers, thinks that the bearish period is almost over.
via Twitter on May 20. in sharing PlanB claimed that the bear market was almost over.
Commenting on the bitcoin movement around 17:00 yesterday, PlanB said that the Price Moving Average (RPMA) below 1 and the Relative Strength Index (RSI) is under 50 He stated that times in the past were always buying times.
In addition, PlanB shared a correlation between US exchanges and Bitcoin. both S&P500 as well as Bitcoin’s 2021 year Stating that he has been in the bear market since November, the analyst thinks that investing in Bitcoin at these prices for long-term investors will yield more profit than buying stocks.
According to CoinMarketCap data, its price has not changed in the last 7-day period. Bitcoin (BTC) at the time of writing 29,400 are at dollar levels. In addition, with the weekend entered, there was a decrease in the volume of Bitcoin. End Bitcoin volume, which decreased by 22% in 24 hours, is around $ 27 billion exists.
None of the information contained in the content is investment advice. These are the analyst’s own thoughts.