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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-planb-anticipates-bitcoins-climb-to-peak-values" rel="noopener noreferrer nofollow">Analyst PlanB Anticipates Bitcoin’s Climb to Peak Values</a><br></p>
<p style="text-align: justify">Cryptocurrency expert PlanB has forecasted a significant rise in <a href="https://en.bitcoinhaber.net/galaxy-digital-ceo-predicts-bitcoin-will-surpass-70000-in-a-year" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value, potentially reaching record highs. Presenting a recently shared chart, the analyst underlines the resiliency of Bitcoin’s 200-week moving average, suggesting a strong support level that Bitcoin is unlikely to dip below again.</p>
<h2 id="bitcoin-s-resilient-support-level">Bitcoin’s Resilient Support Level</h2>
<p style="text-align: justify">During a YouTube presentation, PlanB explained the importance of the 200-week moving average for Bitcoin’s price stability. He highlighted that historically, Bitcoin prices tend not to drop below this critical moving average, which currently suggests a $31,000 floor that is gradually increasing over time.</p>
<h2 id="planb-s-projection-a-surge-then-a-dip">PlanB’s Projection: A Surge Then A Dip</h2>
<p style="text-align: justify">PlanB has made a bold prediction that Bitcoin will likely surge to its all-time high by the end of the year, possibly in the fourth quarter, before experiencing a dramatic sell-off. The analyst relates this anticipated peak to the historical pattern observed approximately six months following a Bitcoin halving event, hinting at a substantial rally around October.</p>
<p style="text-align: justify">The upcoming Bitcoin halving, set for April, is expected to diminish mining rewards for the cryptocurrency, which has historically influenced the market. At the moment, Bitcoin’s value is showing a minor downturn, trading at $42,860. Despite the recent fluctuation, PlanB maintains a bullish stance, emphasizing that Bitcoin’s path is set for an upswing before it encounters another downturn.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-planb-anticipates-bitcoins-climb-to-peak-values" rel="noopener noreferrer nofollow">Analyst PlanB Anticipates Bitcoin’s Climb to Peak Values</a></h5>

Analyst PlanB Anticipates Bitcoin’s Climb to Peak Values

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