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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
🔮 $BTC #PlanB notes that $60,000 is about 4x from the bottom.
Just like before the pump in 2017 and 2020/2021
Just like before the pump in 2017 and 2020/2021
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/
$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
🟠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 $BTC 👀
#PlanB
🔀 400 Steps till 1 000 000 ✅️
Its easy as its sound. Spot trading only.
Start? 10$ 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
🗣 Prominent trader #PlanB believes that $BTC is just consolidating around $40,000, gaining strength for the next +50% jump towards $60,000
😱🔥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
🔎 #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.
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
What's the Required Amount of Bitcoin to Become a Millionaire? 👑💰
Bitcoin, the digital currency that ignited a financial revolution, has captured the imagination of investors worldwide. With its meteoric rise, many wonder: how many Bitcoins does it take to become a millionaire? Let's explore some popular forecasts from prominent figures in the cryptocurrency space.
Venture capitalist Tim Draper predicts Bitcoin hitting $250,000 by 2023. To reach millionaire status in this scenario, one would need to possess 4 Bitcoins.
The Winklevoss Twins foresee Bitcoin soaring to $500,000 in the long term. Owning just 2 Bitcoins could potentially make one a millionaire based on this forecast.
Cathie Wood, CEO of ARK Invest, forecasts Bitcoin reaching $1,000,000 by 2030. In this case, owning 1 Bitcoin would suffice to attain millionaire status.
PlanB's Stock-to-Flow model suggests Bitcoin hitting $288,000 by 2024. Approximately 3.47 Bitcoins would be needed to become a millionaire under this projection.
The number of Bitcoins required to achieve millionaire status varies depending on the scenario, ranging from 1 to 4. These predictions provide valuable insights, but caution is advised due to the volatile nature of cryptocurrency markets. As with any investment, thorough research and risk assessment are crucial.
#BTC #bitcoin #CathieWood #ArkInvest #PlanB
Bitcoin, the digital currency that ignited a financial revolution, has captured the imagination of investors worldwide. With its meteoric rise, many wonder: how many Bitcoins does it take to become a millionaire? Let's explore some popular forecasts from prominent figures in the cryptocurrency space.
Venture capitalist Tim Draper predicts Bitcoin hitting $250,000 by 2023. To reach millionaire status in this scenario, one would need to possess 4 Bitcoins.
The Winklevoss Twins foresee Bitcoin soaring to $500,000 in the long term. Owning just 2 Bitcoins could potentially make one a millionaire based on this forecast.
Cathie Wood, CEO of ARK Invest, forecasts Bitcoin reaching $1,000,000 by 2030. In this case, owning 1 Bitcoin would suffice to attain millionaire status.
PlanB's Stock-to-Flow model suggests Bitcoin hitting $288,000 by 2024. Approximately 3.47 Bitcoins would be needed to become a millionaire under this projection.
The number of Bitcoins required to achieve millionaire status varies depending on the scenario, ranging from 1 to 4. These predictions provide valuable insights, but caution is advised due to the volatile nature of cryptocurrency markets. As with any investment, thorough research and risk assessment are crucial.
#BTC #bitcoin #CathieWood #ArkInvest #PlanB
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
🔮📈 #PlanB , who is the author of the popular Stock-to-Flow model, expects $BTC price to double in 3-5 months.
📊🤔 $BTC #PlanB : Bitcoin is 90% boring (yellow boxes). All gain is in only 10% of the time (red arrows). Always after a halving. Coincidence? I don't think so.
🔮 $BTC Trader #PlanB predicts with its Stock-to-Flow (S2F) model that one Bitcoin could be worth about $500k between 2024-2028 and about $4 million in the 2028-2032 cycle.
PlanB expects a serious rise in Bitcoin according to its model.
PlanB, who is among the most ambitious Bitcoin analysts by developing his own model among crypto analysts, claimed that the cryptocurrency could reach up to 500 thousand dollars in its current cycle.
The analyst, who recently updated his own Stock-Flow model in his YouTube broadcast, said that he expected a strong fluctuation after the halving and predicted the closest target to be 100 thousand dollars.
PlanB referenced previous cycles in the S2F model when interpreting Bitcoin price performance. Accordingly, the analyst, who predicted a rapid rise depending on the demand for Bitcoin after the halving, claimed that Bitcoin could reach up to 500 thousand dollars in the current cycle. The price level seen for the next cycle is $4 million.
In addition, PlanB, which updated the model it uses for Bitcoin price prediction with the last 5 years of data, also claimed that the Stock-Flow model has become much more accurate and understandable in its current form. The analyst also points out that the RSI indicator has moved consistently with previous price predictions, and believes that this technical indicator will move the same way in the current cycle.
While #PlanB supports its price prediction with the data that more than 90% of Bitcoin owners are in profit, it thinks that this data will be another factor that triggers the rise of the BTC price.
When the current price movements of Bitcoin are checked, it is seen that the cryptocurrency price has not been able to remain permanent in the $ 70,000 range since last month. Finally, the cryptocurrency, which was sold once again at the $ 70,000 limit yesterday, continues to be traded in the narrow band of $ 67,000-70,000.
$BTC $ETH
PlanB, who is among the most ambitious Bitcoin analysts by developing his own model among crypto analysts, claimed that the cryptocurrency could reach up to 500 thousand dollars in its current cycle.
The analyst, who recently updated his own Stock-Flow model in his YouTube broadcast, said that he expected a strong fluctuation after the halving and predicted the closest target to be 100 thousand dollars.
PlanB referenced previous cycles in the S2F model when interpreting Bitcoin price performance. Accordingly, the analyst, who predicted a rapid rise depending on the demand for Bitcoin after the halving, claimed that Bitcoin could reach up to 500 thousand dollars in the current cycle. The price level seen for the next cycle is $4 million.
In addition, PlanB, which updated the model it uses for Bitcoin price prediction with the last 5 years of data, also claimed that the Stock-Flow model has become much more accurate and understandable in its current form. The analyst also points out that the RSI indicator has moved consistently with previous price predictions, and believes that this technical indicator will move the same way in the current cycle.
While #PlanB supports its price prediction with the data that more than 90% of Bitcoin owners are in profit, it thinks that this data will be another factor that triggers the rise of the BTC price.
When the current price movements of Bitcoin are checked, it is seen that the cryptocurrency price has not been able to remain permanent in the $ 70,000 range since last month. Finally, the cryptocurrency, which was sold once again at the $ 70,000 limit yesterday, continues to be traded in the narrow band of $ 67,000-70,000.
$BTC $ETH
#PlanB is confident in the rise of #BTC☀ to $500,000 in this halving cycle (2024-2028)
🧑💻 The well-known trader continues to stand by his incredible price predictions for #Bitcoin❗ , even suggesting that the cryptocurrency could reach $1 million in the coming years. 🙀
This aligns with his devised "Standard Deviation (STDEV) range" of $250,000 around a base price of $500,000. 📝
To support his claims, PlanB recalls his 2020-2024 forecast using the Stock-to-Flow model, made back in 2019, which predicted a price of $51,000 for #bitcoin☀️ , with an STDEV of $25,000 to $100,000. 📈
#BinanceLaunchpoolHMSTR
🧑💻 The well-known trader continues to stand by his incredible price predictions for #Bitcoin❗ , even suggesting that the cryptocurrency could reach $1 million in the coming years. 🙀
This aligns with his devised "Standard Deviation (STDEV) range" of $250,000 around a base price of $500,000. 📝
To support his claims, PlanB recalls his 2020-2024 forecast using the Stock-to-Flow model, made back in 2019, which predicted a price of $51,000 for #bitcoin☀️ , with an STDEV of $25,000 to $100,000. 📈
#BinanceLaunchpoolHMSTR
