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<div class="finbold">
 <p class="paragraph">Not long after Bitcoin (BTC) made an impressive rally that culminated with a new all-time high (ATH), a renowned cryptocurrency analyst has predicted more record-breaking peaks for the flagship decentralized finance (DeFi) asset that might catch many traders unawares.</p>
 <p class="paragraph">As it happens, Bitcoin could make a sudden upward turn at any moment, without any specific trigger, ending up at $100,000, after which it might soar beyond $200,000, having “transitioned to the next phase,” as pseudonymous crypto market analyst <em>PlanB</em> stated in his X post published on April 9.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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    <p lang="en" dir="ltr">One day, you wake up and see bitcoin at <a rel="noopener noreferrer nofollow" title="$100k" href="https://thebittimes.com/tag/100k.html">$100k</a>, without any important news or event. Then <a rel="noopener noreferrer nofollow" title="$200k" href="https://thebittimes.com/tag/200k.html">$200k</a> and more. Some will say it's a bubble, others realize bitcoin transitioned to the next phase. https://t.co/Wu5KMxlDYU pic.twitter.com/YEfH4RTB69</p>— PlanB (@100trillionUSD) April 8, 2024
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 <h2 class="wp-block-heading" id="h-bitcoin-price-prediction">Bitcoin price prediction</h2>
 <p class="paragraph">At the same time, the crypto trading expert attached his X post from October 2022, in which he forecasted that Bitcoin would soar to $21,000 “without any important news or event,” after which $24,000 would be the next target, and then it would end up at $30,000 – all of which had, indeed, happened.</p>
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 <p class="paragraph">As a reminder, <em>PlanB </em>has recently pointed out that the maiden crypto asset had a new ATH before a halving for the first time ever, projecting it would inevitably hit $100,000 in 2024 and that its next top could be above $500,000 in 2025, perhaps even reaching a whopping $1 million.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">Meanwhile, Bitcoin was at press time changing hands at the price of $70,740, recording a decline of 2.48% in the last 24 hours while advancing 7.98% across the previous seven days, and accumulating a gain of 1.16% on its monthly chart, according to the most recent data retrieved on April 9.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/04/09/a25148ef2b731a48b7784c6bbeb27289.webp" alt="Bitcoin price 7-day chart" class="wp-image-167502" srcset="https://cdn.thebittimes.com/images/2024/04/09/a25148ef2b731a48b7784c6bbeb27289.webp 750w, https://cdn.thebittimes.com/images/2024/04/09/a25148ef2b731a48b7784c6bbeb27289.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin price 7-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, Bitcoin’s historical price action around halvings indicates that the experts predicting its ensuing rally might be correct. However, some skeptics, like the crypto exchange BitMEX co-founder, Arthur Hayes, have suggested that a crypto fire sale could accompany the BTC halving date.</p>
 <p class="paragraph">Ultimately, making any BTC price prediction is difficult, as it all boils down to detailed research and in-depth risk <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> before investing in any asset, particularly cryptocurrencies, as the trends in this industry can turn around suddenly, without much warning.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/planb-s-bitcoin-forecast-eyeing-100k-surpassing-200k-tbt84917.html">https://thebittimes.com/planb-s-bitcoin-forecast-eyeing-100k-surpassing-200k-tbt84917.html</a></p>

PlanB’s Bitcoin forecast: Eyeing $100k, surpassing $200k

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