PlanB, a popular quantitative analyst, has recently doubled down on his prediction that Bitcoin (BTC), the largest cryptocurrency by market cap, could see a meteoric rise in the upcoming bull market.
In a recent tweet shared with his teeming followers on Twitter, PlanB said he believes Bitcoin has bottomed out at $15,500 back in November 2022 and short holders are now in profit territory, which is generally termed as a bullish signal.
Read Also: PlanB Doubles Down On His $100,000 per Bitcoin, Says S2F Model Still Valid
The quant analyst also stated that he sees the flagship crypto asset soaring above $30,000 around 2024 halving prior to a parabolic surge in 2025.
PlanB tweeted, “My 2 sats on Bitcoin price: November 2022 low of $15,5K was the bottom – BTC has crossed Short Term Holder (STH) and will rise into 2024-halving and subsequent 2025 bull market. Several on-chain signals confirm STH signal. – 2024 halving will be >$32K – 2025 bull market >$100K.”
My 2 sats on #bitcoin price:
– November 2022 low of $15,5K was the bottom
– BTC has crossed Short Term Holder (STH) and will rise into 2024-halving and subsequent 2025 bull market. Several on-chain signals confirm STH signal.
– 2024 halving will be >$32K
– 2025 bull market >$100K pic.twitter.com/0QtbeOXwsG— PlanB (@100trillionUSD) January 12, 2023
At the time of filing this report, BTC is trading at $20,500, with a relatively 8% price uptrend in the last 24 hours, according to CoinMarketCap.
Read Also: PlanB States His Target Market Cap for Bitcoin (BTC) Amid Market Downturn
PlanB also added that the upcoming bull market will have a wide range, and it could see the largest crypto asset skyrocket to $1 million, an increase of about 4,689% from current prices.
“In fact I think the bull market range will be $100K – $1M but many people don’t understand the wide margins (or the volatility that creates them) so I pinned it at the indeed comfortable $100K.”
In fact I think the bull market range will be $100K – $1M but many people don't understand the wide margins (or the volatility that creates them) so I pinned it at the indeed comfortable $100K.
— PlanB (@100trillionUSD) January 12, 2023
Follow us on Twitter, Facebook, Telegram, and Google News
