2024

bullish

Bitcoin

Bold

<ul class="wp-block-list news-points"> 
 <li>Plan B predicts Bitcoin will surpass $100,000 in 2024. </li> 
 <li>Key indicators like RSI and the 200-week moving average suggest the start of a new bullish phase. . </li> 
 <li>Plan B foresees Bitcoin reaching over $500,000 by 2025.</li> 
</ul>   
Crypto analyst <a href="https://www.youtube.com/watch?app=desktop&amp;v=WWCtT2MJWjQ" target="_blank" rel="nofollow">Plan B</a> dissected the BTC price charts and market cycles along with technical indicators to predict Bitcoin will surpass $100,000 in 2024 itself. Plan B also leveraged technical analysis tools like the Relative Strength Index (RSI) and moving averages to support his prediction.   
The Stock-to-Flow chart, with its color gradient indicating pre-halving months, reveals a consistent pattern of price increases before each halving event. Plan B argues this supports the step function in the S2F model, where Bitcoin’s price jumps sharply after each halving.   
Plan B’s Bitcoin Market Cycles <a href="https://x.com/100trillionUSD/status/1821902625832382625" target="_blank" rel="nofollow">chart</a>, created in 2019, complements the S2F model by revealing the current market phase. This chart suggests Bitcoin is in the early stages of a bull market. The S2F model forecasts long-term price trends, while Market Cycles charts reveal the current market phase.   
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The post <a href="https://coinedition.com/bitcoin-to-100k-plan-bs-bold-prediction-explained/">Bitcoin to $100K? Plan B’s Bold Prediction Explained</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin to $100K? Plan B’s Bold Prediction Explained

Coin Edition

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