PlanB: Bitcoin Bear Market Over, Bull Run to Start After 2024 Halving
Intriguing times lie ahead for Bitcoin enthusiasts as renowned analyst PlanB shines a light on the cryptocurrency's future, forecasting a substantial...
- PlanB, an expert in technical analysis and risk management in the cryptocurrency market, predicts a substantial surge in Bitcoin's price post-April 2024, driven by the next halving event.
- PlanB believes that the ongoing bullish market could extend for a minimum of eight months and that Bitcoin may achieve its highest value by early 2025.
- The bear market for Bitcoin may have already concluded in July 2023, according to PlanB.
- PlanB's analysis is based on the "stock-to-flow" model, which revolves around Bitcoin's increasing scarcity and its impact on price.
- Despite some challenges in accurately predicting market trends, PlanB maintains that people's sentiments towards Bitcoin will remain relatively unchanged during the upcoming bullish market.
The overall sentiment of the article is positive, as it highlights the potential for a substantial surge in Bitcoin's price and the positive outlook for the cryptocurrency market.