BTCUSDT Analysis by @PlanB_Bitcoin

The analysis focuses on Bitcoin and its price dynamics, concluding that a price target of approximately 100,000 is inevitable. The analysis mentions Bitcoin is currently at $60,000, down from 70,000 in the previous month, which erased 10,000 gains. Despite current price not reflecting the value of the Stock to Flow model (target is $55,000) the value is within acceptable margins and is still 36% up year to date. Bitcoin is currently at the zero point of its halving cycle, and next month the halving countdown towards 2028 will begin. The analysis states that this is typical and that every halving event in the past, bitcoin prices have been very close to the Stock to Flow price. The model's target for 2028 is approximately 500,000. According to the analysis, there's a pattern, after halving the value of the model increases, and there is a time lag for the price to catch up with the model price and that this cycle is recurring with every halving event. Mining revenue decreased by 50% because of the halving and has to recover, usually this recovery, according to historical data happens within 4 to 8 months and can only happen if the price doubles. According to the Relative Strength Index data, Bitcoin has dropped from 77 to 66, thus normalizing a bit. The analysis implies a continuation of the bull market based on the Bitcoin Market Cycle chart, which shows the price has not yet turned into the Distribution phase. Also the current 2 year realized Bitcoin price is $45,000, and the 5 month realized price is about $60,000 which according to the author represents a support level for the price and that sellers on the 70k range are taking 7% profit as realized return.