Bitcoin (BTC) Price Predictions Near ATH, Could Surpass Gold's Recent Record
- 王林Original
- 2024-08-22 18:04:16982browse
According to renowned analyst PlanB, known for the Stock-to-Flow (S2F) model, Bitcoin is poised for a significant price surge despite recent fluctuations.
Renowned analyst PlanB, known for his Stock-to-Flow (S2F) model, has shared his latest prediction for Bitcoin's (BTC) price in the coming months.
According to PlanB, the cryptocurrency could increase seven to ten times its current value, potentially reaching between $414,000 and $593,000 by August 2025.
This prediction 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.
In a recent post on X, PlanB shared his prediction and invited followers to share their thoughts on Bitcoin's price trajectory in the next 12 months.
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
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.
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