Bitcoin
Crypto Expert PlanB Releases Bombshell Bitcoin Prediction for June 2024
After Bitcoin (Bitcoin) has reclaimed the important psychological level of $71,000, the flagship of decentralized finance (DeFi) the asset appears to be moving towards the exceptionally optimistic target price defined by a renowned cryptocurrency analyst, who believes it could arrive sooner or later.
Specifically, Bitcoin could reach a price target of “at least the $100,000 level that we should see soon,” according to the pseudonymous analysis. crypto trading expert PlanB, who shared his insights into the first crypto asset in a video streamed on his YouTube channel on June 1st.
Bitcoin 200-week moving average chart. Source: Plan B Video
PlanB Bitcoin Price Prediction
In fact, according to the crypto expert’s 200-week moving average (BAD) graph, Bitcoin is predicting a price of $100,000 soon, which coincides with its previously shared stock-to-flow (S2F) model, which also sees the largest asset in crypto sector by market capitalization racing towards this high price mark.
In early to mid-May, Plan B argued what bitcoin miner revenue tends to recover in two to five months after the halving and, after that, the price of Bitcoin “goes vertical”. It turns out that June 19th will mark two months since Bitcoin’s last halving, so vertical price action could occur shortly after that date.
Bitcoin Price Analysis
Bitcoin is currently changing hands at a price of $71,030, which suggests a modest increase of 0.12% in the last 24 hours, while showing more significant progress of 4.60% in the previous seven days , adding to the 11.50% advance in recent months, according to the latest chart data on June 6.
Considering all of this, Bitcoin could, in fact, reach a new all-time high (ATH) of $100,000 in the following weeks, as per the cryptography analyst opined. However, things in the crypto market can sometimes change completely, so do your own research when investing is critical.
Watch the full video below:
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