Bitcoin 2024: PlanB Predicts $100k Amidst New Year Rallies
From a more technical standpoint, Jan. 3 is considered the true beginning of Bitcoin as both a store of value and a transferable currency. On this noteworthy date, Bitcoin (BTC) initiated the year with a trading value of $45,358.60. This demonstrates stability without significant fluctuations throughout the day. Confident Predictions by PlanB Amid the positive commencement of the year, well-known on-chain analyst PlanB expresses assurance that Bitcoin is on track to surpass the six-figure mark in 2024. With a substantial following of 1.9 million on the social media platform X, PlanB discloses a set of forecasts for the year. He emphasized that these predictions have remained unchanged since late 2022. This was a period marked by the depths of the bear market. My forward guidance for 2024 has not changed from Oct 6, 2022 when bitcoin was 20k (see below): – rise into April 2024 halving – halving around S2F model value 55k (range 30k-100k) – pump after halving ...