Plan B has calculated that in 3-5 months the price of bitcoin will double
Cryptanalyst, known under the nickname Plan B, predicted the growth of the bitcoin rate by November 2024 to the level of $140,000. He wrote about this after the price of the flagship cryptocurrency rose to the $70,000 level.
I expect the price of bitcoin to double from its current value in 3-5 months,” the analyst wrote.
He attributed his prediction to the fact that bitcoin miners' revenue has “bottomed out” after the April 2024 halving.
The revenue of miners has bottomed out, which means that the less profitable miners have stopped. Only the most profitable ones survived (with the latest equipment and lowest energy costs), the battle is over, complexity will increase further. And investors will take over pricing,” said an analyst under the nickname Plan B.
Most analysts are also optimistic about bitcoin's immediate future. They cite the upcoming U.S. presidential election and further clarity on cryptocurrency regulation among the key catalysts.
Experts also note the increasing acceptance of digital coins by prominent politicians. For example, US Senator Cynthia Lummis announced plans to introduce a bitcoin reserve law, while Democratic candidate Donald Trump said his administration would support such a move if he wins the election in November 2024.
