A delightful comment from a famous analyst: “Bitcoin will reach $500,000!”

Crypto analyst PlanB, who has nearly two million followers on X, made an outrageous price prediction for Bitcoin.

Bitcoin (BTC), which has been rising rapidly in recent days, has increased expectations with positive comments from analysts. The pioneer of cryptocurrencies, which has been rising breathlessly since $60,000, seems to be targeting $70,000 for now. However, this target may be just the beginning for the BTC bull. Crypto analyst PlanB suggested that BTC could reach $500,000 between 2024-2028, based on a past prediction.

PlanB, who stated in his post on June 16, 2019 that Bitcoin will exceed $50,000 after the halving and reach a market value of $1 trillion, emphasized that he was successful in his analysis with his new post. PlanB, who stated his new prediction, surprised his followers. The famous analyst thinks that $BTC will reach $500,000 between 2024-2028 and see a market value of $10 trillion.

Bitcoin, which has been on an upward trend since testing $59,600, was rejected at $68,000. $BTC , which changed hands at $67,091 as of the writing of the news, will first target $70,000 if it breaks the falling channel. It is highly likely that sales-oriented transactions will increase in this region. However, breaking $70,000 will start a journey towards ATH.

The end of the positive series in spot ETFs or BTC's second rejection at $68,000 will increase the selling pressure. In such a scenario, there may be pullbacks to $64,777 - 62,000 - 59,647 - 56,602 - 52,614 and $50,580, respectively.

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