Ambitious Bitcoin Prediction from PlanB: “BTC Will Not Fall Below This Level Again!”

Unable to hold above $38,000 Bitcoinis just above $ 37,000 after the decline it has experienced in recent days.

Investors BTC’Popular cryptocurrency analyst while having a dilemma about whether the price will fall again or not Plan B’Bitcoin sharing that will make investors happy came from.

Cryptocurrency analyst who popularized the Bitcoin stock-to-flow model (S2F), who stood out for getting several BTC price predictions correct during the previous bull run PlanB, He claimed that Bitcoin will never fall below $35,000 again.

At this point, Plan B, sharing through account X, established a connection between the value of BTC and its hashrate.

Stating that Bitcoin rose to $ 35,000 yesterday on the basis of difficulty (hash rate), the popular analyst said that, except for possible short-term fluctuations, this valuation could mean that BTC will never fall below $ 35,000 again.

“Bitcoin valuation based on difficulty (hash rate) rose to $35,000 yesterday.

“IMO, this could mean BTC will never fall below $35k again based on $/kWh arbitrage fundamentals, barring possible black swans or short-term fluctuations.”

🚨BREAKING: Bitcoin valuation based on difficulty (hashrate) increased to $35k yesterday. IMO this could mean that, apart from possible black swans or short term volatility, based on $/kWh-arbitrage fundamentals … BTC will never go below $35k ever again. pic.twitter.com/JPLkXieQAP

— PlanB (@100trillionUSD) November 27, 2023

*This is not investment advice.