According to BlockBeats, on August 25, cryptocurrency analyst PlanB shared insights on social media regarding Bitcoin's recent market behavior. PlanB noted that the past six months of stagnant trading have not been surprising to him. While he had hoped for an earlier price increase, he emphasized his growing patience with the market. He stated that as long as Bitcoin remains within its broad trading range, there is no cause for concern.
PlanB reiterated his long-term price target for Bitcoin, which he has maintained since 2019. He expects the average price of Bitcoin to reach approximately $500,000 during the 2024-2028 halving period, with a potential range between $250,000 and $1 million. This prediction underscores his confidence in Bitcoin's future performance despite the current market conditions.
