- PlanB has revealed his 2023-2025 prediction for Bitcoin.
- The Twitter personality predicts that a bull market is imminent.
- Bitcoin is currently trading at $23,078.76, a 1.61% increase.
The creator of the Stock-to-Flow model, popularly known by his pseudonym PlanB, has taken to Youtube to reveal his Bitcoin prediction for 2023 to 2025.
As seen in his ‘months until halving chart’ published in early January, the price is seen to be moving from $1 to $10, which according to him, is the same space as $10 to $100.
Additionally, PlanB says that It doesn’t matter if a trader enters $1000, that goes to $10,000, or if they enter it at $1, that goes to $10. “It’s a 10x, and that’s what matters in return.”
His prediction also cites a technical analysis tool, the Relative Strength Index (RSI), allegedly because it is based on pure Bitcoin price in an index between 0 and 100.
It is clear from the chart that Bitcoins range is much higher than the range of a typical asset which is usually between 30 and 70. Bitcoin’s range, as seen in the chart, ranges from 40 to 100. He adds:
So right now, we’re in the fear phase. So there will be a bull market again.
Amid these predictions, it is essential to remember a prediction by PlanB in 2021, after the halving, which said that a bull run would start and that Bitcoin would top at $100k. His target was however not reached as Bitcoin only rallied to over $68k.
According to him, the achieved price was close to his prediction compared to the previous price of $4k. He also mentions that a lot happened in the same period, including the China ban, the Luna Terra implosion, and the FTX debacle.
In conclusion, Bitcoin is trading at $23,078.76, recording a 1.61% increase in the last 24 hours. $23,134.01 is the new barrier, according to Coinmarketcap data.
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