According to recent news from Binance, popular crypto analyst PlanB has shared his thoughts on social media, highlighting $60,000 as a crucial support level in the ongoing bull market.
He compared this to historical trends observed in 2012, 2016-2017, and 2020. PlanB suggests that $60,000 has become a significant threshold in the crypto market, acting as a strong foundation during bullish periods.
This analysis is based on patterns seen in previous years, indicating that similar support levels have been pivotal in sustaining upward momentum. Overall, PlanB's insights suggest that current market conditions are reminiscent of past trends, with $60,000 emerging as a key support level.#altcoins #BlackRock #MicroStrategy #buythedip #CryptoWatchMay2024 $BTC