PlanB Predicts #btc Will Reach $150,000 By Year's End
PlanB said that the #Bitcoin income model has reached the bottom level and this is a harbinger of a big rally in the coming period.
This week, all eyes will be on the US Federal Reserve meeting (#Fed ) and the market will closely monitor Powell's statements on inflation. The upcoming US elections could possibly bring more volatility to Bitcoin.
In his last post on X, PlanB said that Bitcoin miner revenue has already bottomed out after the Bitcoin Halving 2024 event. Therefore, he does not expect further Bitcoin miner capitulation, putting selling pressure on the BTC price .
PlanB also said that he expects the BTC price to double by the end of 2024 and reach the $150,000 target.
