• Plan B predicts Bitcoin will surpass $100,000 in 2024.
• Key indicators like RSI and the 200-week moving average suggest the start of a new bullish phase. .
• Plan B foresees Bitcoin reaching over $500,000 by 2025.

Crypto analyst Plan B 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 chart, 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.

The post Bitcoin to $100K? Plan B’s Bold Prediction Explained appeared first on Coin Edition.

• Plan B predicts Bitcoin will surpass $100,000 in 2024.
• Key indicators like RSI and the 200-week moving average suggest the start of a new bullish phase. .
• Plan B foresees Bitcoin reaching over $500,000 by 2025.

Crypto analyst Plan B 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 chart, 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.

The post Bitcoin to $100K? Plan B’s Bold Prediction Explained appeared first on Coin Edition.