PlanB Predicts Bitcoin's Future Valuation Above $500,000
Thursday, 4 April 2024, 20:30
Bitcoin Price Prediction by PlanB: Will Not Dip Below $60K
$200,000 Is a Conservative Target for Bitcoin
PlanB utilizes the Stock-to-Flow model to project future Bitcoin valuations, indicating a potential price surge to $500,000.
On-chain Indicators Support Bullish Momentum
- Realized price and RSI indicate strong growth during bull markets.
- Five-month realized price establishes a support level at $60,000.
Bitcoin's current RSI before the halving points to unprecedented strength, hinting at potential exponential growth.
Conclusion
PlanB's insights suggest that Bitcoin's price is likely to surpass $500,000 in the coming halving cycle, with indicators signaling continued bullish momentum and growth potential.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.