- PlanB predicts Bitcoin could surge 7-10x by 2025, potentially hitting $414K-$593K.
- Strong bullish sentiment suggests Bitcoin may soar after surpassing $70K resistance.
According to renowned analyst PlanB, known for the Stock-to-Flow (S2F) model, Bitcoin is poised for a significant price surge despite recent fluctuations. This new update aligns with our recent discussion on Bitcoin (BTC) Price Nears ATH, where we identified 5 Reasons It Could Surpass Gold’s Recent Record.
In a recent post on X, PlanB predicts that the cryptocurrency could increase seven to ten times its current value, potentially reaching between $414,000 and $593,000 by August 2025. He also revealed that Bitcoin increased 4x from its bottom in 2022 to now, historically indicating that a 7-10x increase could follow.
Bitcoin increased 4x from the bottom in 2022 to now.
Historically 7-10x follows from here.
What do you think bitcoin will do next 12 months? pic.twitter.com/WtyO0u5RHn— PlanB (@100trillionUSD) August 21, 2024
This bullish forecast is based on historical patterns, particularly Bitcoin’s 200-week Moving Average, which has shown consistent price jumps. Since 2022, Bitcoin has already risen fourfold, and PlanB suggests that another major leap could be imminent.
Industry reactions to PlanB’s prediction have been largely optimistic, though some prefer more conservative estimates of $120,000 to $160,000. Despite varying views, there is strong bullish sentiment, with many believing that once Bitcoin surpasses the $70,000 resistance, a significant price run is likely.
As of today, CoinMarketCap data shows that BTC is trading at $60,691.75, having surged by 2.19% in the past day and 4.14% in the past week. See the BTC price chart below.
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