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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