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Bitcoin

April

<p style="text-align: justify">Senior cryptocurrency analyst PlanB has suggested that <a href="https://en.coin-turk.com/bitcoin-btc-price-continues-to-fall-how-far-will-it-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/short-term-bitcoin-investors-start-profitable-trading-an-insight-into-on-chain-data/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) is on a path to reach new highs faster than most people believe. The expert, PlanB, provided new details about the stock-to-flow (S2F) model for Bitcoin, which aims to predict long-term market cycles based on the halvings that cut miners’ rewards in half.</p>
<h2 id="critical-period-in-btc">Critical Period in BTC</h2>
<p style="text-align: justify">The analyst uses color-coded dots to indicate the number of months until the next halving, serving as a time-based indicator for potential bull runs historically coinciding with each halving. Based on previous cycles, PlanB pointed out that a rally around $60,000 could be imminent. However, he also suggested that a potential price ceiling of around $532,000 could be in play after the halving. The senior analyst stated:</p>
<blockquote>
 <p style="text-align: justify">“After this halving, the price of Bitcoin goes up… I expect this to happen again in April 2024. The price will quickly rise to $532,000 towards this new line. However, until the next halving, I wouldn’t be surprised if we slowly climb back to the model value between $55,000 and $60,000, historically touched by these blue dots.”</p>
</blockquote>
<p><img decoding="async" class="alignnone size-full wp-image-284497" src="https://coin-turk.com/wp-content/uploads/2023/12/planb.webp" alt="" width="1140" height="646"></p>
<h2 id="fourfold-increase-in-bitcoin">“Fourfold Increase in Bitcoin!”</h2>
<p style="text-align: justify">PlanB recently shared a chart with his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">social media</a> platform X, showing the price range at which the majority of BTC was distributed after each halving. Based on the historical trend that BTC’s distribution range appears to be about four times higher than its lower limit, PlanB claims that the leading cryptocurrency could rise above half a million dollars in the coming years.</p>
<p style="text-align: justify">He also suggested that the next bull run could be much more explosive than the past due to various macro factors that influenced the 2021 cycle, such as Covid 19, and concluded his remarks by saying:</p>
<blockquote>
 <p style="text-align: justify">“In the 2012 halving, most Bitcoin was below $16. In the 2016 halving, most of BTC was in the range of $256-$1024. In the 2020 halving, most of BTC was in the range of $4000-$16,000. In the 2024 halving, most of BTC will be in the range of $16,000-$65,000. I wouldn’t be surprised if over the next four years, most BTC is transferred in the range of $65,000 to $524,000.”</p>
</blockquote> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/senior-crypto-analyst-planb-predicts-bitcoins-next-peak/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/senior-crypto-analyst-planb-predicts-bitcoins-next-peak/</a>

Senior Crypto Analyst PlanB Predicts Bitcoin’s Next Peak

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