Top Analyst Says BTC Bottom Is In, BTC To Explode by Up to 4,689%
Quantitative analyst PlanB is reiterating his prediction that Bitcoin (BTC) would soar in the next bull market.
PlanB says his 1.8 million Twitter followers that Bitcoin bottomed out around $15,500 in November 2022 and short-term holders are currently in profit zone, a positive indicator.
The quant expert predicts a parabolic climb in 2025 when the flagship crypto asset rises beyond $30,000 around the 2024 halving.
“My two cents on Bitcoin price:
– November 2022 low of $15,500 was the bottom.
– BTC has crossed Short Term Holder (STH) and will rise into 2024 halving and subsequent 2025 bull market. Several on-chain signals confirm STH signal.
Bitcoin is risen almost 11% in 24 hours to $20,878.
The quant expert predicts a broad bull market that may push the flagship crypto asset to $1 million, up 4,689% from current values.
“In fact, I think the bull market range will be $100,000 – $1 million, but many people don’t understand the wide margins (or the volatility that creates them), so I pinned it at the indeed comfortable $100,000.”
Even if Bitcoin peaks at the low end, it will have gained roughly 380%.
