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Crypto Expert PlanB Drops Bombshell Bitcoin Prediction for June 2024
After Bitcoin (Bitcoin) has regained the important psychological level at $71,000, the flagship of decentralized finance (DeFi) seems to be moving towards the exceptional bullish price target set by a renowned cryptocurrency analyst, who believes it could come sooner rather than later.
Specifically, Bitcoin could reach the target price of “at least the $100,000 level that we should see soon,” according to pseudonymous analysis cryptocurrency trading expert PlanB, who shared his insights on the first crypto asset in a video streamed on his YouTube channel on June 1.
Bitcoin 200 week moving average chart. Source: PlanB videos
PlanB Bitcoin Price Prediction
In fact, according to the cryptocurrency expert’s 200-week moving average (BUT) graphic, Bitcoin he expects a price of $100,000 soon, which coincides with his shared previously stock-to-flow (S2F) model, which also sees the largest asset in the crypto sector from the market capitalization racing towards this high price level.
In early to mid-May, PlanB supported That Bitcoin miner revenue tended to recover within two to five months after the halving, after which the price of Bitcoin “goes vertical.” In fact, June 19th will mark two months since Bitcoin’s last halving, so vertical price action could occur shortly after that date.
Bitcoin price analysis
Currently, Bitcoin is changing hands at a price of $71,030, which suggests a modest increase of 0.12% over the past 24 hours while it has made more significant advances of 4.60% over the previous seven days, adding to the advance of the 11th .50% compared to the past. month, according to the latest chart data from June 6.
All in all, Bitcoin could, in fact, reach a new all-time high (ATH) of $100,000 in the following weeks, as the cryptocurrency commented the analyst. However, things in the cryptocurrency market can sometimes change completely, so do your research when invest it is critical.
Watch the entire video below:
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