Bitcoin Maven PlanB Unveils Projected Schedule for Next All-Time High, Assures BTC Won’t Dip Below Key Threshold
Highly-regarded analyst PlanB is forecasting a timeline for Bitcoin (BTC) to surge to new all-time highs.
In a recent video update, PlanB, addressing his substantial YouTube audience, asserts that Bitcoin is unlikely to dip below $31,000 again, citing the significance of Bitcoin’s 200-week moving average. According to PlanB, when Bitcoin deviates from this moving average, it historically doesn’t drop below it, making $31,000 a potential floor. Notably, PlanB highlights that this floor is continually rising as the 200-week moving average ascends.
Looking ahead, the analyst predicts a new all-time high for BTC in Q4 of this year before anticipating a subsequent correction. Pointing to historical patterns, PlanB suggests that six months after the upcoming halving in April, BTC could reach a new peak. As of the latest update, Bitcoin is trading at $42,860, showing a slight decrease in the past 24 hours.
Clever Robot News Desk 5th February 2024
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