With almost all losses from the post-ETF-approval apocalypse already erased and the upcoming halving, which tends to serve as a catalyst for future price increases, the crypto community continues to speculate how high Bitcoin can go this year.
PlanB, the popular analyst behind the Stock-to-Flow model, believes the asset will not go below $40,000 due to its realized price.
Never Again Below $40K?
The primary cryptocurrency has already gone through a real rollercoaster since the start of the year, induced by the ETF approvals in the States. As many speculated, the launch of these products indeed became a sell-the-news event, with BTC’s price falling by ten grand in a few weeks after they reached the US markets.
Nevertheless, the asset managed to recover approximately all losses and earlier today pumped to nearly $45,000. According to PlanB, this retracement to sub-$40,000 levels was somewhat unexpected and might not happen again.
This is because of Bitcoin’s realized prices on differ
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