Ah, Bitcoin—the ever-elusive golden goose of the modern world. A wise crypto sage by the name of PlanD, who’s apparently seen it all, claims the mighty Bitcoin is bound for a price of $340,000. But of course, there’s a catch: It has to maintain a certain support level. Shocking, isn’t it? Like any grand plan, this one too hinges on a delicate thread—a support zone, that is, somewhere between $91,000 and $100,000. A small price to pay for eternity, right?
Bitcoin’s Big Moment Lies in a $91,000–$100,000 Support Zone (No Pressure, Right?)
On May 31, PlanD, from the exalted heights of crypto wisdom, made an observation that had everyone’s ears buzzing. According to this oracle of the blockchain, Bitcoin, despite some minor dips recently (who cares, right?), is still on track for the ever-coveted $340,000 mark. But here’s the rub: Bitcoin needs to stay above that $91,000–$100,000 zone. Should the digital titan fall below this sacred threshold, all bets are off—time for the next major dip (or is it the last?).
The recent price tumble from Bitcoin’s all-time high of $111,970 is, according to PlanD, just a little blip on the radar, a “minor corrective phase,” if you will. A break to catch its breath before storming into new territories. A classic case of “Buy the dip!” or maybe it’s “Buy the bottom?” PlanD’s chart theory involves a beautifully complex—and dare I say—charming “cup-and-handle” pattern. Imagine it: The digital asset’s struggle to return to past glory with the grace of a seasoned ballet dancer.
The journey begins with the “cup,” formed from Bitcoin’s devastating crash to $69,000 back in November 2021. After the dive, a long, drawn-out recovery—because why rush when you can do everything slowly? By March 2024, Bitcoin returns to $69,000, only to glide into a “handle” phase through October 2024. It finally breaks above the crucial $76,000 neckline in November 2024, and—voilà—a glorious breakout to $340,000 follows. If you believe in this chart, you’ll be richer than your wildest dreams. If not, well, maybe just check the numbers again after 2025.
But don’t fret, dear reader, PlanD assures us all that as long as Bitcoin holds above the $91,000–$100,000 mark, everything is A-OK. No need to panic just yet; the correction is just a pit stop, a brief pause before the next great surge. It’s not a crash, it’s a “pullback.” Remember: even the best need a breather. 😌
Bitcoin’s Current State: A Flicker of Hope?
As of this moment in time, Bitcoin trades at a modest $104,739. A slight bump in the road of life—a 0.64% increase in the last 24 hours. It’s practically the same price as your daily coffee, right? Well, no. Bitcoin’s daily trading volume is a cool $40.03 billion, a nice 31.28% spike in the last day. We’re all just sitting at the edge of our seats, watching as this number keeps growing.
However, let’s get real for a second: Bitcoin needs to climb back to its previous high of $111,970 to halt any lingering bearish vibes. But, of course, there are hurdles to cross—$106,000 and $109,000 to be exact—before it can pull off this miraculous feat. It’s like an obstacle course for the brave. 🏃♂️
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2025-06-01 19:19