The renowned financial analyst and the creator of the Stock-to-Flow model, Plan B, has taken to Twitter to share some positive data.
It says that Bitcoin is still doing well, despite the numerous stumbling blocks since late 2017 and is still ‘looking sharp’.
‘Bitcoin looking sharp after shrugging off these things’
Plan B has recalled all the major blows that Bitcoin suffered after its victorious rise to the $20,000 in late December 2017.
The analyst started from the launch of first BTC futures on CME and CBOE, the hopes that the community put in that launch, the FOMO and the beginning of the crypto winter in 2018.
Later on, some blamed the sharp fall of the Bitcoin price on the launch of BTC futures.
The emergence of BSV
Special attention was given to the BCH hardfork in mid-November 2018, when BSV and Craig Right emerged, claiming to be Satoshi Nakamoto.
Related
At the end of the tweet, Plan B mentioned the 2020 Chinese pandemic which appeared from a bat soup.
On the chart, each bearish event brought up a big red candle. However, after that a green one appeared of a similar size, showing Bitcoin’s recovery after yet another close call.
Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.
