Cryptocurrency

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-ascent-to-new-heights-predicted-by-analyst-planb/" data-wpel-link="internal">Bitcoin’s Ascent to New Heights Predicted by Analyst PlanB</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market analyst PlanB, known for his analyses, shared a chart suggesting that <a href="https://en.coin-turk.com/analysis-of-bitcoins-market-position-and-dominance/" data-wpel-link="internal">Bitcoin</a> (BTC) will rise to all-time high levels.</p> 
<h2 id="critical-level-for-bitcoin">Critical Level for Bitcoin</h2> 
<p style="text-align: justify">The senior analyst stated in a Youtube presentation that according to Bitcoin’s 200-week moving average, the likelihood of BTC falling below $31,000 again is low, adding the following:</p> 
<blockquote> 
 <p style="text-align: justify">Historically, when <strong>Bitcoin</strong> deviates from the moving average line, it does not fall below this line; this is not a guarantee, but it could also mean that we will not fall below $31,000 again in my opinion. It’s currently kind of a floor. The good thing is that this base is rising because, as you can see, the 200-week moving average is always increasing, so next month it won’t be $31,000, it could be $32,000 or $35,000.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-310999 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/planb.webp" alt="" width="1139" height="634"></p> 
<h2 id="planb-predicts-a-surge-for-btc">PlanB Predicts a Surge for BTC</h2> 
<p style="text-align: justify">Analyst <strong>PlanB</strong> predicts that the largest cryptocurrency by market value will likely reach its all-time high in the fourth quarter of this year, followed by a crash. The expert stated the following in his remarks:</p> 
<blockquote> 
 <p style="text-align: justify">After %90 comes always %100, which in this case is the all-time high. In my opinion, this means we will see the all-time high before another crash, and this usually happens six months after a halving, so we could see a new all-time record this October.</p> 
</blockquote> 
<p style="text-align: justify"><strong>Bitcoin’s</strong> next halving is scheduled for April, with an expected reduction in mining rewards for Bitcoin. At the time of writing, Bitcoin was trading at $42,860, experiencing a slight decline over the last 24 hours. Crypto analyst PlanB asserts that Bitcoin is unlikely to fall below $31,000 and predicts it will reach an all-time high followed by a crash.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-ascent-to-new-heights-predicted-by-analyst-planb/" data-wpel-link="internal">Bitcoin’s Ascent to New Heights Predicted by Analyst PlanB</a></h5>

Bitcoin’s Ascent to New Heights Predicted by Analyst PlanB

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