Bitcoin Explosion to $1,000,000 Is Now on the Table, Says Quant Analyst PlanB – Here’s His Latest Forecast – The Daily Hodl
Sponsored
Sponsored
The popular quantitative analyst PlanB is updating his forecast on Bitcoin (BTC) after crypto kicked off the year with a strong rally. PlanB tells his 1.8 million Twitter followers that the bottom has arrived for Bitcoin and predicts massive growth. The analyst is best known for his stock-to-flow Bitcoin model, which predicts an asset’s value changes by comparing its current price to the rate at which its supply is generated. PlanB said the model failed late last year when BTC plummeted below $16,000. However, he says the stock-to-flow model has remained intact and is showing a staggering price explosion to $1
Cryptocurrency expert PlanB stands firm on his forward guidance for the year 2024, echoing predictions made on October 6, 2022, when Bitcoin was valued at $20,000. Despite the dynamic nature of the market, the analyst maintains a positive outlook, highlighting key milestones and potential price movements in the coming months.…
While the US-China trade agreement triggered the rise in Bitcoin, the biggest question is “will the rise continue?” While Bitcoin’s recent V-shaped recovery above $104,000 increased bullish expectations, an updated assessment came from analyst PlanB, known for his S2F model. PlanB noted that the given cycle does not signal an…