BTC Below $60K | Plan B Bitcoin Analysis

Bitcoin (BTC) kicked off May with a notable sell-off, dropping below the crucial support level of $60,000 and hitting as low as around $56,000. This decline has left many investors on edge, with uncertainties looming over the direction of the digital asset market.

Plan B Bitcoin Prediction: Average Price of $500K

Amid these market movements, renowned analyst Plan B shared his insights into bitcoin’s price trajectory for the rest of the month in a YouTube video posted on May 1.

He emphasized the significance of Bitcoin’s stock-to-flow model, noting that despite the drop from March highs, bitcoin maintained a substantial year-to-date increase of 36%.

Plan B…

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