🔹Bitcoin recently fell📉 below the support level of $40,000💵: the rate of the first cryptocurrency dropped to $38,500💵, and is now at $39,000💵.

🔹“BTC is simply consolidating around $40,000💵, gaining strength 💪for the next jump 🚀by 50% to $60,000💵,” writes PlanB on social network X.

🔹The day before, the trader recalled that his system, which predicts the price of Bitcoin, is so ingenious that only a few can correctly ✅ interpret its signals 🚨.

🔹“The best thing about this BTC market cycle model is that few will believe it when it detects a phase transition. For example, when I wrote on January 12 that the bear market🐻 was over and the accumulation phase had begun, many continued to expect a fall 📉 to $10,000💵,” he wrote.

🔹Last year, PlanB argued that Bitcoin's rise to $500,000💵 no longer seems incredible. However, he pointed to the RSI indicator, and not to his Stock-to-Flow model. PlanB stated that the RSI (Relative Strength Index) is now repeating the pattern that previously signaled 🚨 the start of a parabolic rise 📈 for BTC.

Against the background of the fall📉 of Bitcoin, the tokens of the Solana and Avalanche systems also showed a decline📉.$BTC

IG: cryptoafera