Bitcoin (BTC) plunged significantly after recently rebounding above $65,000. On the contrary, crypto analysts have provided a bullish prospect for the Bitcoin price trajectory. Moreover, the BTC value is expected to surge past $477,000 for the fourth Bitcoin Halving cycle.
Will Bitcoin Price Top At $477,000?
Renowned crypto analyst PlanB has made bold predictions regarding the future trajectory of Bitcoin price. The projection is based on historical data and the famous Stock-to-Flow (S2F) model. With a substantial following of 1.9 million on X platform, PlanB’s insights are closely watched by investors and enthusiasts alike.
Source: PlanB | X
According to PlanB, the average Bitcoin price during the 2020-2024 halving cycle stood at $34,000. Although this figure falls significant below the $55,000 predicted by the S2F model in 2019, it remains within the expected range. Notably, this prediction was made when Bitcoin was trading at less than $4,000, highlighting the model’s resilience
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