Bitcoin’s bullish hype fades, but analyst says PlanB’s stock-to-flow model is still relevant By Cointelegraph

is struggling to reclaim its psychologically important level of $30,000 as analysts predict that choppy accumulation may last for months.

Bitcoin (BTC) soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-traded funds (ETFs) in the United States and Ripple’s landmark legal victory in its case against the U.S. Securities and Exchange Commission regarding the classification of (XRP) as a security.