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PlanB analyst predicts BTC to reach $ 100,000 in 2024
The well-known analyst PlanB has shared his confidence that bitcoin will reach the six-figure mark this year. On the X platform, the pseudo-analyst shared with his 1.9 million followers his BTC $75,674.58 Bitcoin 0.69% Market capitalization $1.5 trillion VOL. 24 hours $3.21 billion predictions for 2024.
One of PlanB’s predictions is that Bitcoin will reach $ 100,000 in 2024. «My forecast for 2024 hasn’t changed since October 6, 2022, when bitcoin was worth $ 20,000,» the expert said, publishing his own «task list» for the market’s flagship:
- doubling by April 2024;
- halving around the value of the S
2 °F 55k model (range $ 30,000 — $ 100,000); - pumping after halving;
- reaching 100,000 in 2024;
- target S
2 °F value of 532,0000 on average (range $ 250,000 — 1 million).
PlanB is known for applying its own version of the stock-to-flow (S2F) model, originally used for traditional commodities, to bitcoin. Based on S
In late November, a PlanB analyst said that bitcoin would never fall below $ 35,000 again. «In particular, if there are no events such as black swans or short-term volatility, based on the fundamental principles of $/kWh arbitrage… BTC will never fall below $ 35,000 again and will continue to grow,» the expert explained.