February 6, 2023

Taylor Daily Press

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PlanB shares its Bitcoin price forecast

the Bitcoin rate He’s been on a nice rebound since the start of the new year. On the first day of 2023, the price was still around $16,500, but at the time of writing, the price is at $20,500. In the past few days, things have gone really fast since then bitcoin (BTC) rose from $17,000 to $21,000.

The person behind the global fame stock to flow Model (S2F), Dutch analyst PlanB, has kept its word by issuing predictions about the coming years for bitcoin. Earlier, PlanB asked on Twitter if it should make a prediction for 2023 – 2025, after it indicated Happy with his earlier predictions from the previous bull market.

Has Bitcoin bottomed out yet?

First of all, PlanB is confident that Bitcoin has already found its bottom. This means that BTC price will not make a new low, which is currently around $15,500. This price was reached in November after the cryptocurrency exchange FTX She fell.

Moreover, the Dutch analyst expects bitcoin to rally in the run-up to the next coin halfwhich is expected sometime around March/April 2024. To be exact: He predicts a price of at least $32,000 when the block reward halving from 6.25 to 3.125 BTC.

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On January 13, PlanB followers were given the opportunity to vote on a number of polls. This showed that the distribution, which pertains to the question of whether bottom has actually been reached, was roughly evenly distributed. On the other hand, the vast majority (75.6%) share PlanB’s belief that BTC will be worth at least $32,000 during the halving.

BTC > $100,000

Finally, PlanB predicts a price above $100,000 in 2025. in response However, in one of his 1.8 million followers, he notes that the bull market ranges from $100,000 to $1 million. He added that not many people would understand that wide range, so he narrowed it down to a “comfortable” $100,000.

79.7% of his followers agree with PlanB that bitcoin will reach at least $100,000 by 2025.