Plan B Forecasts Bitcoin Halving Deja Vu Despite Diverse Analyst Views
The Bitcoin blockchain is nearing its upcoming reward halving, with only 144 blocks remaining until block height 840,000.
Historically, Bitcoin has experienced significant price surges post-halving events. But there are conflicting views on whether this pattern will repeat. Plan B, the creator of the stock-to-flow (S2F) model, believes that history will repeat itself. Predicting no deviation from past trends. Analysts are divided, with some cautioning about a potential ‘sell the news’ scenario post-halving, while others like JPMorgan anticipate a price increase to $42K.
Plan B remains confident in his forecast, emphasizing previous successes and projecting BTC to exceed $100K by 2024 and potentially reach $300K by 2025, aligning with optimistic forecasts from other experts.
Clever Robot News Desk 19th April 2024
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