PlanB: A bull market requires Bitcoin prices to double to start

ChainCatcher message, crypto analyst PlanB posted on platform X, stating, "The market is still consolidating, with a trading range around 60k. I can re-enter the market. Moreover, Bitcoin is in a bull market, but the rise has not yet come. Miners are still struggling to cope with the consequences of the halving. We need the Bitcoin price to double to kickstart the bull market."

Crypto analyst Willy Woo commented below his tweet, "According to the current BTC pricing, only the latest models of mining machines can be profitable after the halving. As the chart shows, now is generally a good time to buy BTC (and mine with the latest generation hardware)."