After Bitcoin (BTC) has retaken the important psychological level at $71,000, the flagship decentralized finance (DeFi) asset seems to be moving towards the exceptionally bullish price target set by a renowned cryptocurrency analyst, who believes it might reach sooner rather than later.
Specifically, Bitcoin could hit the target price of “at least the $100,000 level we should see any time soon,” according to the analysis by pseudonymous crypto trading expert PlanB, who has shared his insights on the maiden crypto asset in a video streamed on his YouTube channel on June 1.
Bitcoin 200-week moving average chart. Source: PlanB video
PlanB’s Bitcoin price prediction
Indeed, according to the crypto expert’s 200-week moving average (MA) chart, Bitcoin is looking at a price of $100,000 shortly, which coincides with his earlier shared stock-to-flow (S2F) model, which also sees the largest asset in the crypto sector by market capitalization rushing towards this high price m
We współpracy z: https://finbold.com/crypto-expert-planb-drops-bombshell-bitcoin-prediction-for-june-2024/
