Based

2024

Bitcoin

Million

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-could-potentially-reach-1-million-analyst-suggests/" data-wpel-link="internal">Bitcoin Could Potentially Reach $1 Million, Analyst Suggests</a> 
Famous crypto analyst PlanB has created optimism in the cryptocurrency world with his bold <a href="https://coin-turk.com/ethereum-eth-fiyati-yeniden-26-500-tl-uzerinde" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/analist-kritik-seviyelere-isaret-etti-kripto-para-piyasasindaki-dusus-ivmesi-devam-edecek-mi" data-wpel-link="internal">BTC</a>) price prediction. The analyst suggested that the largest cryptocurrency could potentially reach an astonishing level of $1 million in the coming months and years. 
<h2 style="text-align: justify" id="strong-bitcoin-s-1-million-price-forecast-strong">Bitcoin’s $1 Million Price Forecast</h2> 
PlanB, in a detailed analysis published on his YouTube channel on April 1st, examined <a href="https://en.coin-turk.com/live-etf-broadcast-begins-on-cointurk-youtube-page/" data-wpel-link="internal">Bitcoin</a>‘s historical and recent movements, focusing particularly on technical analysis tools such as the Stock-to-Flow Model and the Relative Strength Index (RSI). 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336371" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-Stok-Akis-Modeli.png" alt="" width="800" height="446"> 
The analyst emphasized the importance of the Stock-to-Flow Model chart for Bitcoin, noting the tendency of the largest cryptocurrency to reach new all-time highs (ATH) just before the block reward halving, which cuts mining rewards by 50% and reduces the rate of supply increase. Based on this observation, PlanB expressed his confidence that Bitcoin could reach $100,000 this year and potentially rise even higher in 2024 and 2025. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336372" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-RSI.png" alt="" width="800" height="446"> 
PlanB highlighted that historical trends indicate Bitcoin’s next peak may not be seen until 2025, and it could surpass the $500,000 level, possibly even reaching $1 million. The analyst’s optimistic outlook is supported by Bitcoin’s RSI analysis, which points to a deviation from previous models and indicates continuous exponential growth rather than diminishing returns. 
<h2 style="text-align: justify" id="strong-many-investors-currently-in-profit-strong">Many Investors Currently in Profit</h2> 
PlanB also referred to the Bitcoin profit chart, which shows that a significant portion of Bitcoin investors are currently in profit. He underlined that this trend is likely to continue in the foreseeable future, indicating a favorable environment for further price increases in the largest cryptocurrency. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336373" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-Kar.png" alt="" width="800" height="446"> 
According to current data, <a href="https://en.coin-turk.com/bitcoin-etf-approval-analysts-believe-the-chance-is-high/" data-wpel-link="internal">BTC</a> is trading at $66,211, down 4.88% in the last 24 hours. The data shows that the king of cryptocurrencies has fallen by 6.72% over the last 7 days but has risen by 6.77% over the last 30 days. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-could-potentially-reach-1-million-analyst-suggests/" data-wpel-link="internal">Bitcoin Could Potentially Reach $1 Million, Analyst Suggests</a></h5>

Bitcoin Could Potentially Reach $1 Million, Analyst Suggests

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