Bitcoin Bulls on the Horizon: PlanB’s Quant Analysis Points to All-Time High in Four Months with Key Catalyst

Quantitative analyst PlanB anticipates that a specific event has the potential to propel Bitcoin (BTC) to a new all-time high within four months. 

During an ask-me-anything (AMA) session with his 82,400 YouTube subscribers, PlanB suggests that the approval of spot market Bitcoin exchange-traded funds (ETFs) could trigger a surge, surpassing previous highs before Bitcoin’s halving event in April 2024. The halving, historically bullish, involves halving BTC miners’ rewards. PlanB speculates that hitting $69,000, a 50%+ increase, is feasible in the next four months. 

Expressing confidence, he contends that even in a short-term bearish scenario, Bitcoin is unlikely to dip below $25,000, barring an unforeseen major event. In fact, PlanB asserts that Bitcoin is on track for the next bull market, expressing skepticism about a return below $35,000.

Clever Robot News Desk 19^th December 2023