2024

Bitcoin

April

Billion

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 <p>From a more technical standpoint, Jan. 3 is considered the true beginning of Bitcoin as both a store of value and a transferable currency. On this noteworthy date, Bitcoin (BTC) initiated the year with a trading value of $45,358.60. This demonstrates stability without significant fluctuations throughout the day.</p>
 <h4 class="wp-block-heading" id="h-confident-predictions-by-planb">Confident Predictions by PlanB</h4>
 <p>Amid the positive commencement of the year, well-known on-chain analyst PlanB expresses assurance that Bitcoin is on track to surpass the six-figure mark in 2024. With a substantial following of 1.9 million on the social media platform X, PlanB discloses a set of forecasts for the year. He emphasized that these predictions have remained unchanged since late 2022. This was a period marked by the depths of the bear market.</p>
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    <p lang="en" dir="ltr">My forward guidance for 2024 has not changed from Oct 6, 2022 when <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> was 20k (see below):<br>– rise into April 2024 halving<br>– halving around S2F model value 55k (range 30k-100k)<br>– pump after halving<br>– we will hit 100k in 2024<br>– S2F target value 532k average (range 250k-1m) https://t.co/Neet5BQ90W</p>
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    </div> — PlanB (@100trillionUSD) January 2, 2024
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 <p>One notable Bitcoin prediction by PlanB for 2024 is the declaration that “we will hit <a rel="noopener noreferrer nofollow" title="$100k" href="https://thebittimes.com/tag/100k.html">$100k</a>.” Reflecting on his projections from 2021, where he anticipated a higher price than Bitcoin ultimately attained PlanB acknowledges that his models may have slightly overshot the mark back then. Nevertheless, the analyst maintains unwavering confidence that, over time, the general forecasts outlined in the Stock-to-Flow (S2F) models will materialize. This will result in significantly higher Bitcoin prices in the years ahead.</p>
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 <p><strong>Also Read: Bitcoin Breaks $45,000: Eyes on $50,000 Before ETF Decision</strong></p>
 <h4 class="wp-block-heading" id="h-learning-from-previous-projections">Learning from Previous Projections</h4>
 <p>PlanB acknowledges the potential for his past price models to have slightly overshot the actual outcomes. However, he remains resolute in his belief that the broader predictions outlined by the S2F models will unfold in the long run. The analyst’s optimistic perspective aligns with the notion that Bitcoin’s fundamentals and scarcity will propel its value to new heights, overcoming short-term variations.</p>
 <p><strong>Also Read: MicroStrategy’s Bitcoin Now Sits At $2.65 Billion Profit</strong></p>
 <p>Bitcoin inaugurates the new year with a trading value of $45,358.60 and minimal fluctuations. Meanwhile, the optimistic forecasts by PlanB for 2024 resonate within the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> community. The analyst’s unwavering confidence in Bitcoin reaching <a rel="noopener noreferrer nofollow" title="$100k" href="https://thebittimes.com/tag/100k.html">$100k</a>, despite potential discrepancies in past predictions, reflects a broader belief in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency’s resilience and long-term potential.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>crypto</li>
  <li>cryptocurrency</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-2024-planb-predicts-100k-amidst-new-year-rallies-tbt75500.html">https://thebittimes.com/bitcoin-2024-planb-predicts-100k-amidst-new-year-rallies-tbt75500.html</a></p>

Bitcoin 2024: PlanB Predicts $100k Amidst New Year Rallies

TheBitTimes

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