Bitcoin’s Wild Ride: Is It Just a Dramatic Dip or a Full-On Crypto Crisis?

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So, apparently, Bitcoin (BTC) is on a bit of a rollercoaster ride, and who better to hold our virtual hands than the ever-enigmatic PlanB? This crypto guru, with a following of 2.1 million on X (that’s Twitter for those not in the know), insists that this little dip is just the universe’s way of reminding us that bull markets can be as moody as a cat on a rainy day. 🙄

In his own words, PlanB professes,

“Even with today’s low bitcoin prices, my on-chain indicators are still waving their bullish flags. So in my opinion, this is a perfectly normal bull market dip and definitely not the beginning of the end—cue dramatic music.”

He even whipped out his color-coded dot chart, which, if it weren’t for the nerdiness factor, could almost be mistaken for some avant-garde art. Each red dot signifies the countdown to the next halving, where BTC miners get rewarded with fewer shiny coins—because why not keep it exciting? 🎨

In a recent video update for his 209,000 YouTube fans (what, no million yet?), he reveals that a fusion of 200-week averages suggests Bitcoin might soon be primed for a dramatic comeback, akin to a soap opera character who inexplicably returns from the dead.

PlanB adds that these two lines—let’s call them his ‘best friends’—are currently in a tight embrace on the chart, hinting at a breakout. But hold your applause, folks; he warns,

“You see, you can’t have a bear market or major crash when these two lines are snuggling close. The catastrophes of 2021 and 2022 happened during their messy break-ups. So let’s all keep our fingers crossed and maybe throw in a prayer or two.”

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2025-04-09 21:21