2024

Solana

Bitcoin

April

<div class="finbold">
 <p class="paragraph">Although Bitcoin (BTC) has started to slow down the bullish momentum from the past weeks, a renowned cryptocurrency analyst is exceptionally optimistic regarding its price in the coming months and years, potentially even reaching the level of $1,000,000.</p>
 <p class="paragraph">As it happens, pseudonymous crypto trading expert <em>PlanB</em> has shared a detailed <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a> for 2024 and 2025, observing the previous and recent movements of the flagship decentralized finance (DeFi) asset on multiple charts analyzed in a video streamed on April 1.</p>
 <p class="paragraph">Specifically, the analyst pointed out on the Bitcoin stock-to-flow chart that the maiden crypto asset had a new all-time high (ATH) before the halving for the first time ever, adding that the “Bitcoin value is roughly at the stock-to-flow model line (…) and that’s always the case (…) just before the halving and this time also, like clockwork.”</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-bitcoin-<a rel=" dofollow title="price" href="https://thebittimes.com/tag/price.html" rel="noopener noreferrer nofollow">price-<a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a>-possible-1-million"&gt;Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a> – possible $1 million?</h2>
 <p class="paragraph">In terms of BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a>, <em>PlanB </em>explained that:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“I think it’s inevitable that we reached $100,000 this year, in 2024, and probably a lot higher than just that $100,000 – we’re very close to that level now, and if the bull market is anything like we had seen in history then we will have a steep increase in price from here.”</p>
 </blockquote>
 <p class="paragraph">Furthermore, he believes that “the next top will not be in this year, but in the next year – 2025 – and that top will be (…) much higher than the average $500,000, so let’s say $600,000, $700,000, or a million – so the top will be higher than $500k in 2025.”</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="446" src="https://cdn.thebittimes.com/images/2024/04/02/876b8bdb29a37ec1ca8ed2a95e43a2d2.webp" alt="Bitcoin stock-to-flow chart" class="wp-image-165522" srcset="https://cdn.thebittimes.com/images/2024/04/02/876b8bdb29a37ec1ca8ed2a95e43a2d2.webp 800w, https://cdn.thebittimes.com/images/2024/04/02/876b8bdb29a37ec1ca8ed2a95e43a2d2.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/876b8bdb29a37ec1ca8ed2a95e43a2d2.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin stock-to-flow chart. Source: </em><em>PlanB</em>
  </figcaption>
 </figure>
 <p class="paragraph">Additionally, the expert shared a Bitcoin relative strength index (RSI) chart, noting that it is at 77, the “highest level ever before a halving, and that’s interesting because what we’ve seen so far is that (…) the RSI just before the halving was getting lower, (…) and that’s in line with diminishing returns.”&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“So the fact that we’re not at 77, which is the highest level ever, could mean that this is the first indication that the diminishing returns will not be there and we will stay in an exponential return growth path (…) which would be in line with the stock-to-flow model.”</p> <cite><em>Bitcoin RSI chart. Source: </em><em>PlanB</em></cite>
 </blockquote>
 <figure class="wp-block-image"><img decoding="async" width="800" height="446" src="https://cdn.thebittimes.com/images/2024/04/02/17dbd4d95039663fd3c951bba16f9782.webp" alt="Bitcoin RSI chart" class="wp-image-165518" srcset="https://cdn.thebittimes.com/images/2024/04/02/17dbd4d95039663fd3c951bba16f9782.webp 800w, https://cdn.thebittimes.com/images/2024/04/02/17dbd4d95039663fd3c951bba16f9782.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/17dbd4d95039663fd3c951bba16f9782.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin RSI chart. Source: </em><em>PlanB</em>
  </figcaption>
 </figure>
 <p class="paragraph">Finally, the crypto market expert concluded his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> with a Bitcoin in profit chart, which suggests more advances in the future, arguing that “if we look at Bitcoin in profit, that’s 100% at ATH levels, everybody’s in profit and that will continue for a couple of months if history is any guide.”&nbsp;</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="800" height="446" src="https://cdn.thebittimes.com/images/2024/04/02/ce3d4b6cc5114d7f6d459416e89df21e.webp" alt="Bitcoin in profit chart" class="wp-image-165528" srcset="https://cdn.thebittimes.com/images/2024/04/02/ce3d4b6cc5114d7f6d459416e89df21e.webp 800w, https://cdn.thebittimes.com/images/2024/04/02/ce3d4b6cc5114d7f6d459416e89df21e.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/ce3d4b6cc5114d7f6d459416e89df21e.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin in profit chart. Source: </em><em>PlanB</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">For now, Bitcoin is changing hands at $66,530, suggesting a decline of 4.31% in the last 24 hours, as well as a 5.77% drop on its weekly chart but is still holding onto the monthly gain of 7.91%, according to the most recent data retrieved by Finbold on April 2.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/04/02/e058522a1c49fddf9808aa036d7644c4.webp" alt class="wp-image-165524" srcset="https://cdn.thebittimes.com/images/2024/04/02/e058522a1c49fddf9808aa036d7644c4.webp 750w, https://cdn.thebittimes.com/images/2024/04/02/e058522a1c49fddf9808aa036d7644c4.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin price 7-day chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, multiple historical indicators are all lining up for Bitcoin to skyrocket in the next few months and years, particularly considering the role of its halving. However, doing one’s own research is critical before investing, as the situation in this field can make an unexpected twist.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
 <p class="paragraph"><strong>Watch the entire video below:</strong></p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="PlanB Bitcoin Prediction April 2024" width="500" height="281" src="https://www.youtube.com/embed/LUiPYyDlI8w?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/planb-bitcoin-price-prediction-for-2024-and-2025-tbt84199.html">https://thebittimes.com/planb-bitcoin-price-prediction-for-2024-and-2025-tbt84199.html</a></p>

PlanB Bitcoin price prediction for 2024 and 2025

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