Happycoin.club - After Bitcoin (BTC) returned to the psychologically important level of $71,000, according to a famous cryptanalyst, its price may rush to an even higher level and reach it this month.

In particular, Bitcoin could hit “at least the $100,000 mark, and we should see that soon,” said cryptocurrency analyst PlanB, who shared his views on the first crypto asset in a video posted on his YouTube channel June 1st.

Bitcoin price forecast from PlanB According to the 200-week moving average (MA) chart provided by the crypto expert, Bitcoin is aiming to soon reach $100,000. The stock-to-flow model previously demonstrated by the analyst also suggests that that the largest asset in the crypto sector by market capitalization is heading towards this high figure.

In mid-May, PlanB argued that Bitcoin miner earnings tend to recover two to five months after the halving, and after that the price of Bitcoin will “go vertical.” Two months have passed since the Bitcoin halving on June 19th, so a vertical price move could occur shortly after this date.

All things considered, Bitcoin could indeed reach a new all-time high (ATH) of $100,000 in the coming weeks, the cryptanalyst believes. Note that this is not the first and unfulfilled bold forecast of PlanB.