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Plan B And CryptoQuant CEO Confirm Entry Into Bitcoin Bull Market
Bitcoin has been making headlines in recent times, with analysts and investors keeping a close eye on its price movements. And now, some of the most well-known Bitcoin analysts have confirmed that the cryptocurrency has entered a bull market.
Plan B, who has 1.87 million followers on Twitter, took to the social media platform to share his insights. According to him, the Bitcoin Relative Strength Index (RSI) has surpassed 50, indicating that the bull market has been confirmed. The RSI is a leading indicator that measures the strength of a trend in terms of changes in closing prices.
Source: PlanB
Plan B had previously predicted a Bitcoin bull market in January, when he said that the relative strength index bottomed out and reversed upwards. He also made a prediction that the price of Bitcoin would record more than $32,000 in the next year’s halving and more than $100,000 in 2025.
CryptoQuant CEO Joo Ki-young also tweeted that Bitcoin had entered a bull market, saying that it had entered the beginning of a bull market in January.
According to CryptoQuant’s data, Bitcoin has reached the logarithmic 100 MA, which shows at least a 50% price increase since 2019, even if it doesn’t close above it.
The MVRV indicator also shows that Bitcoin is in a bullish wave at 1.35 percent, according to the historical reaction of BTC to the indicator, which has happened multiple times, always showing at least a 50% bullish movement.
Given all these analyses, many investors are optimistic about the future of Bitcoin. The period until the Fed report is expected to be bullish, and if the report comes at +25 points, we are likely to see three bullish months for BTC.
The recent confirmation of a Bitcoin bull market is good news for investors who have been keeping a close eye on the cryptocurrency. While it’s important to remember that cryptocurrency prices can be volatile and unpredictable, the insights from these well-known analysts are likely to inspire confidence among investors.
#PlanB #Bitcoinbull #BTCbull #uptrend #azcoinnews
This article was republished from azcoinnews.com
Plan B, who has 1.87 million followers on Twitter, took to the social media platform to share his insights. According to him, the Bitcoin Relative Strength Index (RSI) has surpassed 50, indicating that the bull market has been confirmed. The RSI is a leading indicator that measures the strength of a trend in terms of changes in closing prices.
Source: PlanB
Plan B had previously predicted a Bitcoin bull market in January, when he said that the relative strength index bottomed out and reversed upwards. He also made a prediction that the price of Bitcoin would record more than $32,000 in the next year’s halving and more than $100,000 in 2025.
CryptoQuant CEO Joo Ki-young also tweeted that Bitcoin had entered a bull market, saying that it had entered the beginning of a bull market in January.
According to CryptoQuant’s data, Bitcoin has reached the logarithmic 100 MA, which shows at least a 50% price increase since 2019, even if it doesn’t close above it.
The MVRV indicator also shows that Bitcoin is in a bullish wave at 1.35 percent, according to the historical reaction of BTC to the indicator, which has happened multiple times, always showing at least a 50% bullish movement.
Given all these analyses, many investors are optimistic about the future of Bitcoin. The period until the Fed report is expected to be bullish, and if the report comes at +25 points, we are likely to see three bullish months for BTC.
The recent confirmation of a Bitcoin bull market is good news for investors who have been keeping a close eye on the cryptocurrency. While it’s important to remember that cryptocurrency prices can be volatile and unpredictable, the insights from these well-known analysts are likely to inspire confidence among investors.
#PlanB #Bitcoinbull #BTCbull #uptrend #azcoinnews
This article was republished from azcoinnews.com
PlanB, the renowned Dutch analyst who created the 'S2F (Stock-to-Flow) model' for Bitcoin price prediction, argues that the upcoming Bitcoin halving will not lead to a 'miner death spiral,' despite miners facing potential profit declines. He further notes, “As the Bitcoin halving draws closer, there will invariably be analysts stirring up miner-induced death spiral theories. However, history has shown that this is unlikely." His insight offers reassurance amidst market speculation.
#Bitcoin #halving #PlanB #S2F #minerdeathspiral
#Bitcoin #halving #PlanB #S2F #minerdeathspiral
Bitcoin Bliss: PlanB Encourages Enjoyment as BTC Dips Below $40K, Forecasts $100K Average Price in 2024
Bitcoin's Countdown: #PlanB Signals the End of Sub-$40K
In a recent post on X (formerly Twitter), PlanB, the creator of the renowned stock-to-flow BTC price models, suggests that Bitcoin is in its "pre-bull market" phase, hinting that the current levels of around $40,000 won't stick around for much longer. According to PlanB, Bitcoin is poised to surge beyond its recent 18-month highs, and the clock is ticking for investors to seize the opportunity below the $40,000 resistance.
Using realized price data, #PlanB supports his optimistic outlook on long-term #BTC price growth. Realized price, calculated by dividing Bitcoin's realized cap by the current supply, currently hovers just below $21,000. The creator notes that bear market bottoms are marked by the spot price dropping below the realized price, while bull markets kick off when the spot crosses specific realized price levels related to "younger" coins. With BTC/USD now above all three realized price iterations, PlanB advises enthusiasts to "enjoy sub-$40K bitcoin... while it lasts."
Despite previous criticisms and the acknowledgment that Bitcoin didn't meet expectations during the 2021 bull market, PlanB maintains a positive stance, projecting an average BTC price of at least $100,000 between 2024 and 2028 — encompassing Bitcoin's next halving cycle. This aligns with a growing trend of six-figure predictions for the next cycle, converging around $130,000 by the end of 2025. As the market anticipates the halving in April 2024, further analysis suggests a return to around $46,000. In the eyes of PlanB, Bitcoin is on the cusp of a real bull market launch.
#Blast #Bitcoin2024 $BTC
Bitcoin's Countdown: #PlanB Signals the End of Sub-$40K
In a recent post on X (formerly Twitter), PlanB, the creator of the renowned stock-to-flow BTC price models, suggests that Bitcoin is in its "pre-bull market" phase, hinting that the current levels of around $40,000 won't stick around for much longer. According to PlanB, Bitcoin is poised to surge beyond its recent 18-month highs, and the clock is ticking for investors to seize the opportunity below the $40,000 resistance.
Using realized price data, #PlanB supports his optimistic outlook on long-term #BTC price growth. Realized price, calculated by dividing Bitcoin's realized cap by the current supply, currently hovers just below $21,000. The creator notes that bear market bottoms are marked by the spot price dropping below the realized price, while bull markets kick off when the spot crosses specific realized price levels related to "younger" coins. With BTC/USD now above all three realized price iterations, PlanB advises enthusiasts to "enjoy sub-$40K bitcoin... while it lasts."
Despite previous criticisms and the acknowledgment that Bitcoin didn't meet expectations during the 2021 bull market, PlanB maintains a positive stance, projecting an average BTC price of at least $100,000 between 2024 and 2028 — encompassing Bitcoin's next halving cycle. This aligns with a growing trend of six-figure predictions for the next cycle, converging around $130,000 by the end of 2025. As the market anticipates the halving in April 2024, further analysis suggests a return to around $46,000. In the eyes of PlanB, Bitcoin is on the cusp of a real bull market launch.
#Blast #Bitcoin2024 $BTC
🗣 Prominent trader #PlanB believes that $BTC is just consolidating around $40,000, gaining strength for the next +50% jump towards $60,000
PlanB Predicts Bitcoin to Reach $60,000 Before Halving, $300,000 to $500,000 After
Renowned quantitative analyst PlanB has made a bold prediction for Bitcoin's future price movement. He believes that Bitcoin could reach a price of $60,000 in the run-up to the next halving event in April 2024. Following the halving, PlanB believes that Bitcoin could reach a price of $300,000 to $500,000.
PlanB's prediction is based on two factors: the Relative Strength Index (RSI) and the Stock-to-Flow (S2F) model.
The RSI is a momentum indicator that measures the speed and magnitude of price changes. It is typically used to identify overbought and oversold conditions in an asset. In the case of Bitcoin, the RSI has been following a cyclical pattern, reaching a peak just before each halving event.
The halving is a scheduled event that reduces the reward for mining Bitcoin by half. It occurs every four years and is designed to slow the production of Bitcoin over time.
PlanB believes that the RSI is currently in a similar pattern to the one that preceded the previous halving events. This suggests that the RSI could soon reach a peak, which could be followed by a significant price surge for Bitcoin.
To further support his prediction, PlanB has also used the S2F model. The S2F model is a valuation model that takes into account the scarcity of an asset. In the case of Bitcoin, the S2F model predicts that the price of Bitcoin will increase over time as the supply of Bitcoin decreases.
The S2F model has been relatively accurate in predicting Bitcoin's price in the past. For example, the model predicted that Bitcoin would reach a price of $100,000 by the end of 2021. While this prediction did not come to fruition, it was not far off the mark.
By combining the RSI pattern and the S2F model, PlanB has made a bold prediction for Bitcoin's future price movement. He believes that Bitcoin could reach a price of $60,000 in the run-up to the next halving event in April 2024. Following the halving, PlanB believes that Bitcoin could reach a price of $300,000 to $500,000.
It is important to note that PlanB's prediction is just that - a prediction. No one can predict the future with certainty, especially in the volatile cryptocurrency market. However, PlanB's prediction is based on sound analytical principles and has a track record of being accurate.
Overall, PlanB's prediction is bullish for Bitcoin. However, it is important to do your own research before investing in any cryptocurrency.
Here are some of the factors that could affect Bitcoin's price in the future:
The overall state of the economy
The regulatory environment for cryptocurrencies
The adoption of Bitcoin by institutions and businesses
Technological developments in the cryptocurrency space
It is important to keep these factors in mind when considering PlanB's prediction. The cryptocurrency market is still in its early stages of development and there is a lot of uncertainty about the future. However, PlanB's prediction is a bullish sign for Bitcoin and suggests that the cryptocurrency could continue to grow in value in the years to come. $BTC #BTC #bitcoin #halving #PlanB #S2F
PlanB's prediction is based on two factors: the Relative Strength Index (RSI) and the Stock-to-Flow (S2F) model.
The RSI is a momentum indicator that measures the speed and magnitude of price changes. It is typically used to identify overbought and oversold conditions in an asset. In the case of Bitcoin, the RSI has been following a cyclical pattern, reaching a peak just before each halving event.
The halving is a scheduled event that reduces the reward for mining Bitcoin by half. It occurs every four years and is designed to slow the production of Bitcoin over time.
PlanB believes that the RSI is currently in a similar pattern to the one that preceded the previous halving events. This suggests that the RSI could soon reach a peak, which could be followed by a significant price surge for Bitcoin.
To further support his prediction, PlanB has also used the S2F model. The S2F model is a valuation model that takes into account the scarcity of an asset. In the case of Bitcoin, the S2F model predicts that the price of Bitcoin will increase over time as the supply of Bitcoin decreases.
The S2F model has been relatively accurate in predicting Bitcoin's price in the past. For example, the model predicted that Bitcoin would reach a price of $100,000 by the end of 2021. While this prediction did not come to fruition, it was not far off the mark.
By combining the RSI pattern and the S2F model, PlanB has made a bold prediction for Bitcoin's future price movement. He believes that Bitcoin could reach a price of $60,000 in the run-up to the next halving event in April 2024. Following the halving, PlanB believes that Bitcoin could reach a price of $300,000 to $500,000.
It is important to note that PlanB's prediction is just that - a prediction. No one can predict the future with certainty, especially in the volatile cryptocurrency market. However, PlanB's prediction is based on sound analytical principles and has a track record of being accurate.
Overall, PlanB's prediction is bullish for Bitcoin. However, it is important to do your own research before investing in any cryptocurrency.
Here are some of the factors that could affect Bitcoin's price in the future:
The overall state of the economy
The regulatory environment for cryptocurrencies
The adoption of Bitcoin by institutions and businesses
Technological developments in the cryptocurrency space
It is important to keep these factors in mind when considering PlanB's prediction. The cryptocurrency market is still in its early stages of development and there is a lot of uncertainty about the future. However, PlanB's prediction is a bullish sign for Bitcoin and suggests that the cryptocurrency could continue to grow in value in the years to come. $BTC #BTC #bitcoin #halving #PlanB #S2F
Analyst PlanB Says One Signal Suggests ‘Accelerated’ Bull Market Ahead for Bitcoin (BTC)
Quant analyst #PlanB says there’s an indicator suggesting that #Bitcoin (BTC) is ready for an accelerated #bulls market.
PlanB says price moving above the two-year realized cost price has historically suggested big moves to the upside.
“The important thing that we see is that the Bitcoin price, the red dots, crossed over the two-year realized cost price, and it already crossed the realized cost price, and it already crossed the five-month, short-term cost price. So now, it’s a new thing… It crossed the two-year realized price, and that’s an important signal. Of course, the month is not over, so we’ll wait and see how [June] closes.”
PlanB also notes that the realized cost price readings are all moving up together after years of remaining stagnant.
“In history, closing above the two-year realized price was a #signals that the bull market [was about to] accelerate. Same here in 2016 and 2019 was a bit of a weird year with the Covid black swan…
So it’s very interesting and one more thing that is also very interesting, the realized price, the black line, and the two-year realized price, the blue line, started to increase again since a long time. I think it declined for about a year, and now for the first month, it’s increasing again, and that’s when things become really interesting, so we’ll have to see what Bitcoin will do.”
PlanB says price moving above the two-year realized cost price has historically suggested big moves to the upside.
“The important thing that we see is that the Bitcoin price, the red dots, crossed over the two-year realized cost price, and it already crossed the realized cost price, and it already crossed the five-month, short-term cost price. So now, it’s a new thing… It crossed the two-year realized price, and that’s an important signal. Of course, the month is not over, so we’ll wait and see how [June] closes.”
PlanB also notes that the realized cost price readings are all moving up together after years of remaining stagnant.
“In history, closing above the two-year realized price was a #signals that the bull market [was about to] accelerate. Same here in 2016 and 2019 was a bit of a weird year with the Covid black swan…
So it’s very interesting and one more thing that is also very interesting, the realized price, the black line, and the two-year realized price, the blue line, started to increase again since a long time. I think it declined for about a year, and now for the first month, it’s increasing again, and that’s when things become really interesting, so we’ll have to see what Bitcoin will do.”
Despite market fluctuations, analysts anticipate a surge pre-halving, reaching a $100k milestone, and a long-term S2F target averaging $532k.
$BTC #PlanB
https://blockchainreporter.net/planb-bitcoin-price-forecast-for-2024-analyst-maintains-predictions-despite-market-fluctuations/
$BTC #PlanB
https://blockchainreporter.net/planb-bitcoin-price-forecast-for-2024-analyst-maintains-predictions-despite-market-fluctuations/
🔎 #PlanB believes bitcoin should be worth at least 100 troy ounces of gold by 2025 (it's 26 ounces now).
So if gold doesn't rise at all ($2000/oz), $BTC should be worth almost $200,000 according to this prediction.
So if gold doesn't rise at all ($2000/oz), $BTC should be worth almost $200,000 according to this prediction.
🔀 400 Steps till 1 000 000 ✅️
Its easy as its sound. Spot trading only.
Start? 10$ no more than that.
All you need is to make 3% profit on single spot trade. 400 trades and here it is 1 000 000
You can lose just time if trade goes in wrong directiin, but there will be days when you will be making 3-4 trades.
All you need is discipline !!!
You can thank me later 😁
$BTC $ETH $BNB #AirdropOpportunity #TradeOpportunity #PlanB #MillionaireDreams
Its easy as its sound. Spot trading only.
Start? 10$ no more than that.
All you need is to make 3% profit on single spot trade. 400 trades and here it is 1 000 000
You can lose just time if trade goes in wrong directiin, but there will be days when you will be making 3-4 trades.
All you need is discipline !!!
You can thank me later 😁
$BTC $ETH $BNB #AirdropOpportunity #TradeOpportunity #PlanB #MillionaireDreams
Известный в сообществе аналитик Plan B сообщил, что потерял все свои биткоины во время крушения яхты.
Порой выражением «lost in boating accident» называют способ залечь на дно — избежать уплаты налогов или внимания правительства. Изначально этот оборот якобы использовали торговцы оружием.
В комментариях к публикации PlanB некоторые члены сообщества написали, что тоже «готовят лодку».
#PlanB
Порой выражением «lost in boating accident» называют способ залечь на дно — избежать уплаты налогов или внимания правительства. Изначально этот оборот якобы использовали торговцы оружием.
В комментариях к публикации PlanB некоторые члены сообщества написали, что тоже «готовят лодку».
#PlanB
😱🔥PlanB, a well-known analyst, predicts Bitcoin will reach $ 100,000 in 2024 based on her Stock-to-Flow model
Get ready for exciting news about Bitcoin! #PlanB the mastermind behind the Stock-2-Flow (S2F) model, known for its accurate market forecasts, has something big to say. He is confident that the value of #Bitcoin will increase rapidly and aims to reach $ 100,000 in 2024.
Despite the ups and downs experienced after the halving, PlanB remains optimistic. He sees these market fluctuations as stepping stones for Bitcoin to climb to new heights. Using on-chain data and the Relative Strength Index (RSI), he was convinced that Bitcoin was on solid ground and that $60,000 served as a strong support level.
Here's what he had to say.
The Solution of the Stock-Flow Model
PlanB supports its prediction with in-depth analysis by linking the value of Bitcoin to an Inventory-Flow model. The Stock-Flow model is a widely followed model that correlates Bitcoin's scarcity with its price.
Although Bitcoin closed the month slightly below $ 60,000, he notes that it is still up 36% since the beginning of the year. Emphasizing the importance of the current month being the last "Blue Dot" before the next halving, he notes that historically, the Bitcoin price has been consistent with the Stock-Flow model at this point in the halving cycle.
PLANB's Bold Prediction
But hold on tight to your hats because PLANB's predictions stretch far into the future. According to him, Bitcoin can not only reach $ 100,000, but also rise to a staggering $ 500,000 by 2028. And while Bitcoin is currently hovering around $60,000, it seems entirely possible to reach the six-digit figure this year.
PlanB expects the bull market to peak by 2025. He is considering whether Bitcoin's rise will be stable or explosive. Despite the different opinions, he firmly believes in the correctness of the Stock-Flow model and predicts exponentially increasing earnings led by the relatively low adoption rate of Bitcoin.
#BTC #binance
Get ready for exciting news about Bitcoin! #PlanB the mastermind behind the Stock-2-Flow (S2F) model, known for its accurate market forecasts, has something big to say. He is confident that the value of #Bitcoin will increase rapidly and aims to reach $ 100,000 in 2024.
Despite the ups and downs experienced after the halving, PlanB remains optimistic. He sees these market fluctuations as stepping stones for Bitcoin to climb to new heights. Using on-chain data and the Relative Strength Index (RSI), he was convinced that Bitcoin was on solid ground and that $60,000 served as a strong support level.
Here's what he had to say.
The Solution of the Stock-Flow Model
PlanB supports its prediction with in-depth analysis by linking the value of Bitcoin to an Inventory-Flow model. The Stock-Flow model is a widely followed model that correlates Bitcoin's scarcity with its price.
Although Bitcoin closed the month slightly below $ 60,000, he notes that it is still up 36% since the beginning of the year. Emphasizing the importance of the current month being the last "Blue Dot" before the next halving, he notes that historically, the Bitcoin price has been consistent with the Stock-Flow model at this point in the halving cycle.
PLANB's Bold Prediction
But hold on tight to your hats because PLANB's predictions stretch far into the future. According to him, Bitcoin can not only reach $ 100,000, but also rise to a staggering $ 500,000 by 2028. And while Bitcoin is currently hovering around $60,000, it seems entirely possible to reach the six-digit figure this year.
PlanB expects the bull market to peak by 2025. He is considering whether Bitcoin's rise will be stable or explosive. Despite the different opinions, he firmly believes in the correctness of the Stock-Flow model and predicts exponentially increasing earnings led by the relatively low adoption rate of Bitcoin.
#BTC #binance
Plan ₿ will release a documentary, "Immutable Democracy," at the Film Fest, highlighting BTC and blockchain usage in the Guatemalan election process. 🎥🗳️ #PlanB #Bitcoin #Blockchain #FilmFest
$BTC What happens after the first RED dot?
Bitcoin's value has risen by 7.99% in the last month, adding $5,101.01 to its previous value and increasing the market cap to $1,358,321,419,371. It might be prudent to wait for a potential bear market before investing in BTC given the current bullish conditions. Over the last 90 days, Bitcoin has shown a bullish trend with a 2.51% increase in price. However, it has lost $67,255.32 from its previous value. Considering this recent bearish trend, it may be wise to wait for a market reversal before considering buying Bitcoin.
#PlanB #BTC☀ #Megadrop #movingaverages #ETHETFsApproved
Bitcoin's value has risen by 7.99% in the last month, adding $5,101.01 to its previous value and increasing the market cap to $1,358,321,419,371. It might be prudent to wait for a potential bear market before investing in BTC given the current bullish conditions. Over the last 90 days, Bitcoin has shown a bullish trend with a 2.51% increase in price. However, it has lost $67,255.32 from its previous value. Considering this recent bearish trend, it may be wise to wait for a market reversal before considering buying Bitcoin.
#PlanB #BTC☀ #Megadrop #movingaverages #ETHETFsApproved
📈 PlanB, the creator of the famous S2F (Stock-to-Flow) model for Bitcoin price prediction, shared insights on his YouTube channel. He predicts that within a year, the Bitcoin price could reach $100,000 and potentially break the $10,000 barrier. PlanB also noted similarities in the current Relative Strength Index (RSI) pattern to past parabolic rallies, suggesting the potential for increased volatility in the range of $300,000 to $500,000 after surpassing $10,000. Keep an eye on the market for further developments! 🚀 #Bitcoin #PricePrediction #PlanB #S2FModel
LFG 😍😍🚀
$BTC $PEPE $ATOM
As we getting close to the halving Altcoins have been charging hard on Bears
Harder for late investors to but its gets easier if you were able to follow my non financial advice calls about the state of the market and the on growing bullish srntiment toward this week
But if you need to proceed with caution thats why i recommend to follow the chart idea below
🤟🤟Short Version = 2024 is Altcoins
More closely to 2017 cycle than 2020 =
short dynamic burst of up movements
long periods sideways action
😕😕Lower volatility than 2017 (for btc and eth)
👻👻Altcoins move sooner than ppl think but still on schedule
🙈🙈2023 was year to accumlate BTC and cheap large cap alts
🙉🙉2024 is year to accumulate Alts
🙊🙊2025 year to be reducing risk
👽👽-Chart on left
Eth and BTC market cap
🤖🤖Chart on right
Others - coins outside of top 10
💪💥Theory
2024 sees opportunity to position for end of cycle in cheap midcap and lowcap gems.
altcoin runnup into ethereum etf approval or decline could provide opportunity to rotate profits to slower moving coins
Drop a like if you love what you reading
#Write2Earn #TrendingTopic #BTC #100x #PlanB
$BTC $PEPE $ATOM
As we getting close to the halving Altcoins have been charging hard on Bears
Harder for late investors to but its gets easier if you were able to follow my non financial advice calls about the state of the market and the on growing bullish srntiment toward this week
But if you need to proceed with caution thats why i recommend to follow the chart idea below
🤟🤟Short Version = 2024 is Altcoins
More closely to 2017 cycle than 2020 =
short dynamic burst of up movements
long periods sideways action
😕😕Lower volatility than 2017 (for btc and eth)
👻👻Altcoins move sooner than ppl think but still on schedule
🙈🙈2023 was year to accumlate BTC and cheap large cap alts
🙉🙉2024 is year to accumulate Alts
🙊🙊2025 year to be reducing risk
👽👽-Chart on left
Eth and BTC market cap
🤖🤖Chart on right
Others - coins outside of top 10
💪💥Theory
2024 sees opportunity to position for end of cycle in cheap midcap and lowcap gems.
altcoin runnup into ethereum etf approval or decline could provide opportunity to rotate profits to slower moving coins
Drop a like if you love what you reading
#Write2Earn #TrendingTopic #BTC #100x #PlanB
Bitcoin Price To Surge Post-2024 Halving And Reach $523K In 2025, Predicts Plan B
Famous Bitcoin analyst Plan B has recently predicted that the price of Bitcoin will reach a staggering $532,000 by the year 2025. This prediction comes from his well-known pricing model for gold, silver, and Bitcoin with limited supply, called the S2F model. Plan B created the model four years ago, and he argues that it remains valid today.
The S2F model measures scarcity based on the immutable issuance schedule and the 21 million supply cap of Bitcoin. According to Plan B’s tweets, the S2F model correctly predicted the Bitcoin price pump after the 2020 halving, and it also predicts another pump after the 2024 halving. Plan B acknowledges that there are error bands in the S2F model, but he believes that the price of Bitcoin will reach $532,000 in 2025.
The S2F model predicts the Bitcoin price after the 2024 halving to be in the range of $100,000 to $1 million, taking into account the wide error band. The Bitcoin halving is expected to occur around March of next year, reducing the mining reward per block from the current 6.25 BTC to 3.215 BTC.
In response to criticism that the S2F model is “wrong/invalid/broken,” Plan B emphasized that the rise in Bitcoin price after the 2012, 2016, and 2020 halvings is not a coincidence unrelated to the halving. He argues that the 21 million limited supply, supply schedule, and 4-year halving cycle are fundamental to the Bitcoin price.
Plan B’s prediction of a $532,000 Bitcoin price by 2025 is a bold claim, but he has a track record of successful predictions using the S2F model. While there is always uncertainty in any financial market, Plan B’s analysis is one that many Bitcoin investors will be closely watching. The next halving event in 2024 will be an important test for the S2F model, and it will be interesting to see if it accurately predicts the price movement of Bitcoin once again.
#bitcoin #BTC #PlanB #crypto2023 #azcoinnews
This article was republished froma azcoinnews.com
The S2F model measures scarcity based on the immutable issuance schedule and the 21 million supply cap of Bitcoin. According to Plan B’s tweets, the S2F model correctly predicted the Bitcoin price pump after the 2020 halving, and it also predicts another pump after the 2024 halving. Plan B acknowledges that there are error bands in the S2F model, but he believes that the price of Bitcoin will reach $532,000 in 2025.
The S2F model predicts the Bitcoin price after the 2024 halving to be in the range of $100,000 to $1 million, taking into account the wide error band. The Bitcoin halving is expected to occur around March of next year, reducing the mining reward per block from the current 6.25 BTC to 3.215 BTC.
In response to criticism that the S2F model is “wrong/invalid/broken,” Plan B emphasized that the rise in Bitcoin price after the 2012, 2016, and 2020 halvings is not a coincidence unrelated to the halving. He argues that the 21 million limited supply, supply schedule, and 4-year halving cycle are fundamental to the Bitcoin price.
Plan B’s prediction of a $532,000 Bitcoin price by 2025 is a bold claim, but he has a track record of successful predictions using the S2F model. While there is always uncertainty in any financial market, Plan B’s analysis is one that many Bitcoin investors will be closely watching. The next halving event in 2024 will be an important test for the S2F model, and it will be interesting to see if it accurately predicts the price movement of Bitcoin once again.
#bitcoin #BTC #PlanB #crypto2023 #azcoinnews
This article was republished froma azcoinnews.com
Renowned Crypto Analyst PlanB Signals Bull Market Signs in Bitcoin!
PlanB, one of the most prominent analysts in the crypto world, has sparked hope within the Bitcoin (BTC) community with his recent social media post. Based on his analysis using the 200-week moving average (MA200) chart, PlanB stated that the bear market has come to an end. Bitcoin's weekly closings above the MA200 were considered as indicators of an approaching bull market. #PlanB
Hopes for a Bull Market:
According to PlanB's analysis, every time Bitcoin has maintained stability above the MA200 in the past, it transitioned into a bull market. Therefore, with Bitcoin currently struggling to hold above $30,000 and expectations of a bull market rapidly increasing, optimistic sentiments are prevailing. PlanB congratulated his followers for weathering the worst Bitcoin bear market so far and heralded the beginning of a hopeful period. #bulls #coinmarketcap $BTC
Bitcoin's Current State:
According to Coinmarketcap data in the last 24 hours, Bitcoin has recorded a 0.8% increase and is currently trading at around $30,800. This rise indicates the start of a promising period for the crypto community. However, considering the volatile nature of crypto markets, investments should be made with caution. #bitcoin
In Summary:
PlanB's analysis based on the renowned Bitcoin chart indicates an approaching bull market. Bitcoin's attempt to maintain stability above $30,000 uplifts investor hopes. Nevertheless, it is essential to remember the volatile nature of crypto markets and evaluate investments carefully. Experts suggest that monitoring the coming weeks is crucial for gaining further insights into the future of Bitcoin.
Hopes for a Bull Market:
According to PlanB's analysis, every time Bitcoin has maintained stability above the MA200 in the past, it transitioned into a bull market. Therefore, with Bitcoin currently struggling to hold above $30,000 and expectations of a bull market rapidly increasing, optimistic sentiments are prevailing. PlanB congratulated his followers for weathering the worst Bitcoin bear market so far and heralded the beginning of a hopeful period. #bulls #coinmarketcap $BTC
Bitcoin's Current State:
According to Coinmarketcap data in the last 24 hours, Bitcoin has recorded a 0.8% increase and is currently trading at around $30,800. This rise indicates the start of a promising period for the crypto community. However, considering the volatile nature of crypto markets, investments should be made with caution. #bitcoin
In Summary:
PlanB's analysis based on the renowned Bitcoin chart indicates an approaching bull market. Bitcoin's attempt to maintain stability above $30,000 uplifts investor hopes. Nevertheless, it is essential to remember the volatile nature of crypto markets and evaluate investments carefully. Experts suggest that monitoring the coming weeks is crucial for gaining further insights into the future of Bitcoin.
🟠The first ORANGE dot appeared on the #Bitcoin❗️ Stock-to-Flow model
We all know what is coming next for $BTC 👀
#PlanB
We all know what is coming next for $BTC 👀
#PlanB
