PlanB Warns Bitcoin Could Dip Below $54,000 Amid Bull Trap Concerns

2026-04-01 20:05

Bitcoin ended its five-month losing streak with a 2% gain in March 2026, closing at approximately $68,702. Despite this relief rally, concerns persist about a potential sell-off in the second quarter. The cryptocurrency's market capitalization stands at $1.36 trillion, with a 24-hour trading volume of $43.45 billion. Pseudonymous analyst PlanB, known for the Bitcoin Stock-to-Flow model, cautioned that Bitcoin might fall below its 200-weekly Moving Average, currently around $59,000, and could revisit its realized price of $54,000. This warning comes as traders cautiously turn bullish, reflected in the Fear and Greed Index's recovery from Extreme Fear to a reading of 32.

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