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 <p>According to renowned crypto trader and analyst PlanB, Bitcoin (BTC) could hit $55,000 before its halving cycle in April 2024. BTC’s halving event will slash rewards for miners by half. Many consider BTC’s halving a bullish event as it reduces the asset’s supply. </p> 
 <p><strong>Also Read: Apple Removes Binance, KuCoin, OKX From Indian App Store</strong></p> 
 <p>Moreover, the analyst predicts that BTC’s price will continue to rally in the months following the halving. PlanB expects BTC to rise to around $60,000 in the next four months.&nbsp;The growth would translate to a rise of about 30% from current levels. </p> 
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 <h3 class="wp-block-heading" id="h-bitcoin-btc-to-hit-a-new-all-time-high-in-2024">Bitcoin (BTC) to hit a new all-time high in 2024? </h3> 
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 <p>By the end of this year, PlanB anticipates BTC’s price to rise to around $100,000, a growth of over 100% from current levels.</p> 
 <p>Furthermore, PlanB paints a bullish picture for Bitcoin (BTC) in 2025. According to the analyst, the original cryptocurrency could surge to $532K by next year. Reaching $532,000 would mean a growth of over <a rel="dofollow" title="1000%" href="https://thebittimes.com/tag/1000.html">1000%</a> from current price levels. </p> 
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 <p>PlanB is known for his famous Stock-to-Flow model, by which he says BTC is in an accumulation phase. According to the analyst, a bullish pump will follow the accumulation stage. </p> 
 <p><strong>Also Read: Spot Bitcoin ETF Could Push BTC Price to $200k: Standard Chartered</strong>.</p> 
 <p>Apart from PlanB, many other analysts also anticipate Bitcoin’s (BTC) price to hit an all-time high after a spot BTC ETF (Exchange Traded Fund) approval by the US SEC (Securities and Exchange Commission). A spot BTC ETF could cause a significant rise in institutional money flowing into the asset. A recent Standard Chartered report said a spot BTC ETF could push the asset’s price to $200,000.</p> 
 <p>According to Bloomberg, there is a 95% that the SEC will approve one or more spot BTC ETF applications in January. Hence, we may be in the early stages of the next big crypto bull market. </p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bitcoin-btc-to-rally-1000-and-hit-532-000-predicts-analyst-tbt76229.html">https://thebittimes.com/bitcoin-btc-to-rally-1000-and-hit-532-000-predicts-analyst-tbt76229.html</a></p>

Bitcoin (BTC) To Rally 1000% and Hit $532,000: Predicts Analyst

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