Bitcoin
Crypto expert PlanB sets Bitcoin price for 2024-2032
As bulls and bears continue to fight for dominance in the cryptocurrency sector, especially about Bitcoin (Bitcoin), the flagship of decentralized finance (DeFi) the asset predicts impressive price advances in the coming years, at least according to the observations of a renowned crypto trading specialist.
In fact, Bitcoin’s average price for the 2020-2024 halving cycle was $34,000, which is slightly below the $55,000 forecast for 2019, as per crypto analyst and stock model creator -to-flow (S2F) in Bitcoin price prediction, Plan B, pointed out in a X post published on May 7th.
Bitcoin Price Prediction 2024 – 2032
With this in mind, the specialist updated the S2F model with new data that demonstrate similar parameters and results and places an average price of Bitcoin for the 2024-2028 halving cycle at $500,000, while the following 2028-2032 halving cycle would see the first cryptography assets of US$4 million.
Bitcoin price analysis and prediction. Source: Plan B
Remember that PlanB recently foreseen that Bitcoin will reach a price of $100,000 in the second half of 2024, considering its April close slightly above $60,000, a 36% YTD (YTD) increase, and the fact that May 2024 marks the last month before the next halving cycle.
Furthermore, the professional crypto trader also shared the opinion that a market peak could occur in 2025, at which time the market’s largest asset crypto industry by market capitalization could potentially surpass the $200,000 price, as reported by Finbold on May 2.
BTC Price Analysis
To date, the current price of BTC is at US$62,330, which indicates a drop of 2.73% in the last 24 hours, while recording an increase of 7.42% in the previous seven days and accumulating a loss of 13.90% on its monthly chart, according to the most recent data on May 8.
Ultimately, Bitcoin could indeed reach the price range suggested by the renowned crypto expert, or at least come close to it in the coming years, especially since Plan B is not the only analyst making similar predictions, others Including CoinRoutes President Dave Weisberger and the $800 billion bank Chartered Standard.
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