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PlanB Says Bitcoin Bottom Is In, Sets Timeline for 4,689% BTC Price Explosion

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.”

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.”

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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