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Plan B analyst predicts bitcoin’s growth to $ 200,000 in 2025

10:45 am, May 3, 2024

Bitcoin began May with a significant sell-off after losing critical support at $ 60,000 and falling to $ 56,000, leading many market participants to expect further negativity.

In light of these developments, crypto analyst Plan B shared his thoughts on the prospects for bitcoin’s price in a YouTube video published on May 1. The expert emphasized the historical accuracy of the stock-flow model in predicting the price of BTC $99,088.39 Bitcoin 0.64% Market capitalization $1.96 trillion VOL. 24 hours $4.87 billion .

Despite some fluctuations, Plan B has updated the model’s parameters, maintaining an average target price of about $ 500,000 between 2024 and 2028. He emphasized the importance of the halving event in increasing the value of the model, predicting a gradual rise in the price of bitcoin over the coming months.

Looking ahead to the second half of 2024, the expert expressed confidence that bitcoin will reach $ 100,000. The expert also expects the market to peak in 2025, when the price of bitcoin will potentially exceed $ 200,000.

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BTC

$99,088.39

0.64%

ETH

$3,293.88

-1.90%

BNB

$624.48

0.40%

XRP

$1.46

21.85%

SOL

$255.14

-1.84%

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