Bitcoin As it continues to rise above $44,000 and move steadily, many experts are confident that this is just the beginning. PlanB, on the other hand, thinks that the BTC price after the halving will be $55,000, will double in 2024, and grow more than tenfold in 2025.
PlanB predicts the Bitcoin price to rise as much as $100,000 by the end of 2024, followed by a second wave of rises to reach $532,000 “perhaps by 2025.” According to the analyst, the reason why this rise has lasted so long is that the halving has the expected effect relatively slowly.
The expert’s other charts, including the Bitcoin market cycle model (MCM), relative strength index (RSI) chart, 200-week moving average (200WMA) chart, realized price model, profit chart, and stock-to-flow trading rule, appear consistent with the above scenario.
At press time, Bitcoin was trading at $44,195 and had increased by 2.82% on the day. On the other hand, it grew by 3.99% in the previous week and made a low progress of 0.83% on its monthly chart according to the data on January 5.