BTCUSDT Analysis by @PlanB_Bitcoin

The presenter uses several charts to analyze the Bitcoin market. Starting with a stock-to-flow model, the video notes Bitcoin closed June above 62000, and is currently within a trading range between 60000 and 70000. The presenter states that after a halving, Bitcoin's price always lags the model value and moves up 12 to 18 months after a halving, which has recently happened. He says he believes Bitcoin’s trend is still bullish. Another chart shows the Relative Strength Index (RSI) dropping to 65, and although some people think the bull market is over due to diminishing returns, the presenter believes in exponential returns. According to a 200-week moving average chart, the bitcoin price is at 37000. The realized price chart shows a realized price at 31000. The presenter says to watch the realized price, he indicates that the five-month realized price is at 65000 and expects a bounce. Lastly, he notes that 90% of Bitcoin hodlers are currently in profit. The presenter believes it is a time to be patient.