Bitcoin Tipped For $340,000 Target If This Support Level Holds – Details

A prominent crypto analyst with X username PlanD has backed Bitcoin to maintain its uptrend despite some significant price retracement in the past week. Notably, PlanD states the premier cryptocurrency remains on course for a $340,000 price point but only if a specific support zone remains valid. Related Reading: Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming? Bitcoin Bullish Momentum Hinges On $91,000 – $100,000 Support Structure In an X post on May 31, PlanD outlined Bitcoin’s potential to soon re-enter price discovery mode regardless of the recent price dip. Since hitting a new all-time high at $111,970, the flagship cryptocurrency has slipped into a minor corrective phase, forcing market prices to go below $104,000 source: https://www.newsbtc.com/news/bitcoin/bitcoin-tipped-for-340000-target-if-this-support-level-holds-details/