Finding Previous Bottoms In Bitcoin, PlanB Shared The Incident That Could Pump BTC!

below the psychological level of $20,000. Bitcoin (BTC) It is struggling to hold the $19,000 level.

While investors, who are at a loss due to the declines, expect BTC to rise as soon as possible, price and bull predictions continue to come from well-known analysts of the market.

In this context, it has come to the fore for making a few price predictions of BTC right in the previous bull run. Bitcoin stock-to-flow model (S2F) popular crypto analyst PlanBA new Bitcoin share came from .

Explaining the event that could significantly pump the price of Bitcoin, PlanB explained that this will happen in 2024 in BTC. halving He stated that the incident happened.

Stating that events such as macroeconomic conditions, inflation and war affect Bitcoin in his sharing, PlanB said, BTC He pointed out that the halving is approaching.

“Yes, conditions such as macroeconomic conditions, inflation and war affect Bitcoin.

But the next Bitcoin halving is approaching and IMO will pump BTC.”

Yes macro, inflation, war … but the next #bitcoins halving is coming, and IMO it will (again) pump BTC🚀 pic.twitter.com/Gl7WcnUF1v

— PlanB (@100trillionUSD) October 24, 2022

Adding a chart to his share, the famous analyst stated that according to the S2F model he follows, the halving event will once again raise BTC sharply.

For each block created by miners, the reward is halved and less Bitcoin is mined. bitcoin The halving last occurred on May 11, 2020.

The reward for each block created in the last Bitcoin halving was reduced to 6.25 BTC.

Now, during the fourth halving, which is expected to take place in May 2024, this reward will be reduced to 3,125 BTC per block.