PlanB, a Quant Analyst, Forecasts Bitcoin to Surge by Over 4x – Here’s the Timeline
Quant analyst PlanB, who has a large following on social media, is predicting that the next peak for Bitcoin will be more than four times its current value. He believes that after the halving event on April 19th, Bitcoin could see significant gains based on historical patterns. According to PlanB, previous halving events have been bullish for Bitcoin, and he predicts that the cryptocurrency will reach a peak of around $300,000 by 2025. PlanB points out that Bitcoin’s price has historically increased in the six months leading up to the halving, in the six months following the halving, and between six and 18 months after the halving. He expects a similar pattern this time around, with a doubling of the price in the six to 10 months after the halving, followed by another doubling or even quadrupling. However, he cautions that there may not be an immediate breakout in the days following the halving event. Bitcoin is currently trading at $64,489, up 1.5% in the last 24 hours.