uh you know Bitcoin closed September at 63,000 and it’s the eighth month in a row that it’s in a 60k to 70k trading range it’s really weird uh and it never happened before normally the bull text-decoration: none;">Markets yes it is still in a bull market because it’s red Red Dot bull market and normally a bull market means price go up historically when it’s red when it’s bull market prices went up in 2011 2013 2017 and 2020 2021 but not now now it’s
sideways and well you know I I do not believe in in manipulation yes it can be manipulation but not for eight months the Bitcoin and Crypto bull market roller coaster ride continues to persist
to the Chagrin and confusion of investors Traders and other Market participants a few weeks ago after the US Federal Reserve announced its first rate cut since March 2020 and Crypto asset
prices immediately pumped many analysts said they believed that the central bank’s announcement had triggered the much anticipated pump and predicted it would trigger a bigger pump until Bitcoin hits at least $100,000 per coin however despite recent developments including China’s
stimulus package announcement a lot of uncertainty continues to surround the Markets and the overall global economy in a recent CashNews.co uploaded on his plan B on YouTube channel popular
Anonymous Bitcoin analyst Plan B Shares his views on the current state of the market particularly how What’s Happening Now compares to previous bull Markets in his
CashNews.co Plan B explains that much of the recent price movements can be attributed to the prehab pump we had earlier this year the pump largely driven by the excitement around the ETF approvals came much too early and changed the entire d dynamics of the bull market for the first time in four
having Cycles Bitcoin hit an all-time high before the having event in plan B’s words the sharp jump due to the ETF excitement followed by the long period of stagnation made the market feel weird fortunately Plan B is certain that this weirdness won’t last for much longer the analyst and
former Institutional Investor is certain that Tailwinds like the US election more rate cuts and easing from central banks and other factors will prove to be very bullish for Bitcoin in the coming weeks and months as we bring you a short clip from plan B’s CashNews.co please take a little time
to like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this these simple actions help to boost the YouTube algorithm and support the Channel’s growth thanks for the support and enjoy the CashNews.co I tweeted about this earlier and I said
uh maybe you remember it Bitcoin is the next stable coin is now stable coin because of this 8mon flat period And I also tweeted 60,000 is the new 10,000 why did I tweet that because this 2019 2020 period that we talked about before in the moving average chart and the RSI chart um it it felt exactly
the same like right now it felt like boring flat line uh there will never be a bull market again stock to flow failed uh Bitcoin is dead whatever actually if you go further back uh we had that same boring uh period in 2014 to 2016 at a much lower level of course it was uh about 400 500 at the time
and even uh before that in 2012 there was a period perod where Bitcoin and and also in the bare Market of course but where the where that that flat period was uh make making people think like there would would never be a bull market again yeah this this is basically my opinion about this flat bull
market at the moment I think Bitcoin is most of the time in a boring Flatline situation uh and uh in fact three of the four years are boring and nothing and just some very short periods just after the halfing um caus those big jumps in price those big fundamental and structural jumps in price
fundamental and structural because Bitcoin jumps up and does not return of course there is a crash uh after a big pump every time um but it will never return to that original level Plan B compares the current period of sideways movement in Bitcoin to the preh having period between 2019 and 2020
when Bitcoin hovered around $10,000 for months however despite all the confusion and frustration especially with the pandemic completely disrupting the market the much anticipated trigger later came in the form of Central Bank quantitative easing and bitcoin price took off sharply Plan B expects a
similar scenario to play out after the November us elections whales that are currently waiting on the sidelines will return to the Markets and central banks will unleash more
Liquidity which in the long run will positively impact Bitcoin and Crypto asset prices popular sound money Advocates James lavish and Lawrence leopard discussed similar
sentiments in a recent conversation with Natalie Brunell lavish and leopard who have both been warning about the global Debt spiral believe it’s about to get much worse as central banks are expected to unleash a torrent of money printing on their respective economies here are
some clips from the discussion first of all great uncertainty is uh is not great for Markets you know text-decoration: none;">Markets hate uncertainty um and so with Bitcoin you’re definitely sensing some uncertainty here with um you know we saw the Nik was down almost 5% last night it’s like are we GNA have another you know Yen carry trade issue or is is Liquidity
actually being drawn out are we are we actually heading into recession that we’re going to have to stomach first there’s a ton of trading Capital in Bitcoin and they’re moving around this thing and it’s not that big yet so a trillion dollar asset is nothing
it’s it’s just a it’s a fraction of percent of the total ass investable Assets in the world you know when you have $900 trillion dollar of investable Assets in the world and you’ve got an asset that’s less than a trillion yeah
it’s going to get whipped around especially when it’s it’s been the you know the tip of the wrist spear for so long so that’s one thing uh Sam did a great job with uh with Lynn Alden on this and and um in studying this and I it was in Bloomberg actually this weekend they
they quoted the the study that Bitcoin is highly correlated to the long-term um growth and Liquidity and so when you have you know um money supply expand banding over the long term Bitcoin will follow that it may not follow it week to week or even month to month certainly not day
to day but it will follow it long term and so if you just pull back and you just eliminate all the noise and you hear nothing else from this conversation but this just remember that the as Larry said central banks are trapped sovereigns are trapped they have no choice we have so much
Debt we have so much leverage in the world that we have no no choice but to build on that leverage expand on that leverage expand on the money supply in order to keep the shade going and Bitcoin will ultimately benefit from that even more than gold Natalie it’s I it’d
be helpful to give you some historical perspective this reminds me very much of 2019 and 2020 when Bitcoin was kind of stuck in the fives and 10K range and gold was stuck at 1365 and gold broke out first well before you know Co happened or anything else and uh and then Co happened and then Bitcoin
just came racing by you know and I mean and so gold was up in that in that event gold was up you know I don’t know 50 60 70% Bitcoin was up 300% so to answer your question and to to lay your concerns the year is not over and I’ll I’ll say it here first I think we’ll see six
figures this year this calendar this calendar year yeah and I think James would agree with this because he does a lot of good technical analysis if you look at it there’s a bull flag forming with a downward slope and what is it James 73 yeah it’s it’s been it’s been
it’s been forming for months now you know right and when it breaks 73 it’s going to score to 100 like licky split don’t you think yeah so if you P yeah once it once it gets through that $70,000 level it’s gonna have like right now the where the flag the trajectory of it is
is about 66,000 if it breaks through there it’s it’s kind of interesting here all right can you all see this yeah all right so it’s this has been a a bull flag that’s been forming for months here okay this is the daily so if you just go to if you go to the weekly it’s
e easier to see but this has been forming for this long here’s the flag poll right here after we after we um had the ETFs approved and they we had that you know selloff which was a fake
out you had this flag pole um created and now you’ve had you have lower highs and lower lows that continue as you consolidate through here right so now as we’ve Consolidated we keep consolidating you could see just this last week we bounced right off that flag I mean it’s just
incredible we bounc right off of it and it’s like a self-fulfilling prophecy that Traders look at this and they watch this and they say okay it’s not quite ready yet and so now here we are this week starting today we’re down you know but once it breaks through this level which is
about 66,000 then the next level is the all-time high and that all-time high is what 7 72 in change yeah so once it breaks through that then it’s price Discovery and that’s it in other news the US government has added another huge Debt to its already massive pile fresh
data from the Treasury Department show that the national Debt Rose from $ 35.46665,-83.92039 October 1st an increase of $24 billion in a single day in August the Treasury Department revealed that the US Budget Deficit was $11.89 7
trillion a 24% increase compared to the same period in 2023 reacting to the $24 billion jump in US national Debt on social media platform X lavish wrote good evening the US Treasury added 204 billion of Debt in the first day of the new fiscal year
and total Debt now stands at $ 35.7 trillion have a great night only it’s not very easy to have a good night let alone a great one when you remember that the US national Debt hit $33 trillion just a little over a year ago on September 18th 2023 this means
we’ve added almost $3 trillion not millions or billions but trillions in in about 12 months and 2 weeks plus the situation seems to be worsening rapidly as experts have been warning for so long if urgent and necessary steps are not taken immediately we will soon be talking in terms of
trillions added in 24 hours not hundreds of billions of dollars the good news is the more they print the higher asset prices go and Crypto is the fastest horse in the race so it will go up
faster and higher than all other Assets lavish States as much in another tweet which reads every single part of this will lead to more Central Bank easing further expansion of the money supply and asset Inflation stay focused on the opportunities please share your
thoughts on plan B’s lavish and leopard’s analysis for Bitcoin and the US economy in the comments section below also ensure you like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this thanks for watching e
CashNews, your go-to portal for financial news and insights.
when you begin to hear from planB, we are closing to the top if top not already passed
Plan B recently predicted $100k by November 30 if Trump wins and $150k by the end of the year.
Men lie numbers dont
Plan B is trash
Gold and silver would take off to if it wasn’t for the manipulation and tamping down but they will not do that until specific times and that is being done to Xrp for some reason.
But do we need a coin or another business to big to fail? Certainly not a business.
Give me a break pal!!!
But no one guarantees the guarantee
Not 100k but 92k then crash
Lol 100 end 2024 now it's 2025 ?
definitely not 100k within 11 to 12 weeks. And we are not in a bull market. We've been in a bear market since march 2024. facts don't lie
No
Plan B is like Inverse Kramer. Hasnt gotten a prediction right since 2021.
Nice bull market. Kek.
Halfmoon🎉
PlanB is a kook.🤡 He always way overshoots his predictions.
Thank you for sharing XAI13D💗 I really appreciate it
Your advice led me to XAI13D, holding for 5x gains. Exciting listings ahead!
Your video convinced me to invest in XAI13D, expecting 10x gains. Excited for listings!
Coinbase, OKX and Binance will list XAI13D very soon. We do not have much time left
It is very hard to see project which can be used in real life like XAI13D 🥳🥳🥳
Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! Im looking into XAI13D, ETH, and SOL. What’s your advice? XAI13D seems to have potential, but your opinion matters.
Bought XAI13D after watching your video, super excited! 💰
Number 1