PlanB, a quantitative analyst, is doubling down on his prediction that Bitcoin (BTC) would skyrocket in the next bull market.
PlanB tells his 1.8 million Twitter followers that he believes Bitcoin bottomed out at $15,500 in November 2022 and that short-term holdings are now profitable, a usually positive indication.
The quant expert also predicts that the flagship crypto currency will reach $30,000 before halving in 2024, followed by a parabolic increase in 2025.
Bitcoin is currently trading at $20,878 at the time of writing, up more than 11% in the last 24 hours.
According to the quant expert, the future bull market will have a wide range, and the flagship crypto asset might reach $1 million, a 4,689% gain from current prices.
“In actuality, I believe the bull market range will be $100,000 – $1 million, but because many people don’t comprehend the vast margins (or the volatility that causes them), I anchored it at the indeed comforting $100,000.”
Even if Bitcoin reaches the bottom end of the range, it will still mark an almost 380% boost for the king cryptocurrency.
