A prominent cryptocurrency analyst, known under the pseudonym Plan B, recently shared a rather optimistic prediction for the price of Bitcoin in 2024 and 2025, according to its Stock-to-Flow (S2F) model. The expert's prediction was related to the halving of Bitcoin that is approaching.
As the fourth Bitcoin halving approaches, the cryptocurrency community is paying attention to possible price fluctuations. Historically, halving events impact prices, with Bitcoin rallies often coinciding with halving events. The Bitcoin halving event is expected to take place on Friday, April 19th.
The analyst expressed his opinion on how the halving could affect the Bitcoin price. Plan B believes that, this time, the halving event for the largest cryptocurrency on the market will be no different from previous ones.
As highlighted in his analysis, the event will once again be a crucial factor in increasing Bitcoin price. According to the expert's expectation, Bitcoin could surpass the level of US$100.000 in 2024 and US$300.000 in 2025.
IMO, this bitcoin halving will NOT be different: – All the increase in bitcoin price it will be around the halving again – Buying 6 million before the halving and selling 18 million after the halving will surpass the buy&hold – BTC > US$ 100 thousand in 2024 – BTC top > US$ 300 thousand in 2025”, he wrote.
IMO this bitcoin halving will NOT be different:
– All bitcoin price increase will again be around the halving
– Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold
– BTC > $100k in 2024
– BTC top > $300k in 2025 pic.twitter.com/lCZjnuoYMO— PlanB (@100trillionUSD) April 17, 2024
Bernstein externalizes potential for resumption of Bitcoin bull run after halving; Goal at $150.000
Given the proximity of the halving, analysts from the research and brokerage company Bernstein expressed the potential for resumption of Bitcoin's bull run after the event. According to information from The Block, experts believe that the largest cryptocurrency on the market will resume its upward trajectory after the halving.
In a recently released note, Bernstein analysts Gautam Chhugani and Mahika Sapra highlighted the lofty target for Bitcoin of US$150.000 by the end of next year. “We expect bitcoin's upward trajectory to resume after the halving when mining hash rates adjust and ETF flows resume (negative to stable flows over the last 10 days),” they stated.
