experimenting and exploring; 2017 halving was all about discovery and institutional adoption, 2021 halving may be about reach escape velocity and take Bitcoin mainstream.” On-chain analysts Willy Woo and PlanB are coming out bullish on Bitcoin with current on-chain metrics, suggesting the flagship cryptocurrency will remain above a key technical level and may hit a four year high of $524,000. Woo says the Bitcoin flows off exchanges are similar to what analysts saw at the last market bottom and PlanB states that the current valuation of Bitcoin based on difficulty suggests it will "never go below $35,000 ever again". He also believes that the 2021 halving will spark more mainstream adoption of Bitcoin and help it reach a high of $524,000 over the next four years.



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