Bitcoin Value Forecasting: BTC Will Maintain a $33,000 Threshold, Asserts PlanB

Bitcoin Value Forecasting: BTC Will Maintain a $33,000 Threshold, Asserts PlanB

PlanB, a prominent figure in the creation of Bitcoin’s Stock-to-Flow (S2F) model, presents a Bitcoin price prediction that sees it maintaining a floor of $33,000. This prediction is a deviation from an earlier forecast made in February where he was confident that Bitcoin wouldn’t fall below $40,000. The adjustment is due to changes in on-chain activities and the ongoing bull market, which led PlanB to revise his forecast. Another analyst, Trader Alan, seems to be in agreement with PlanB’s prediction, stating that Bitcoin is set to cross a ‘point of no return’ this month, hinting that it may not drop to the $60,000 mark again. The success and credibility of PlanB’s S2F model, as well as this Bitcoin price prediction, will be put to the test in the upcoming months. Given the volatile nature of cryptocurrencies, these predictions provide an interesting perspective on the market’s potential direction.

Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!