Plan B Predicts Bitcoin to Reach $300,000 by 2025

Analyst PlanB has stated that the current halving cycle is no different from previous ones. He anticipates Bitcoin reaching $100,000 in 2024 and peaking at $300,000 the following year.

IMO this bitcoin halving will NOT be different:
— All bitcoin price increase will again be around the halving
— Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold
— BTC > $100k in 2024
— BTC top > $300k in 2025 pic.twitter.com/lCZjnuoYMO

— PlanB (@100trillionUSD) April 17, 2024

In his view, the best strategy remains buying the leading cryptocurrency six months before the block reward halving and selling it 18 months after the event.

“Bitcoin should replace gold because its scarcity/Stock-to-Flow model will double. My ‘maximum’ of $300,000 is the lower bound of a range from $250,000 to $1 million,” the expert added.

Responding to a user’s question, Plan B emphasized that nothing will change two days after the halving. However, he noted a “slight” price increase—from $34,000 in October 2023 to $62,000 at present.

The expert suggested a further doubling in the 6-10 months following the miners’ reward halving, followed by another two-to-fourfold increase at the “top of FOMO.”

Meanwhile, MN Trading founder Michaël van de Poppe shared some of his market expectations. He forecasts Bitcoin consolidation and a “bounce” of altcoins in pairs with the leading cryptocurrency.

Expectance:

— #Bitcoin to consolidate.
— #Altcoins bouncing in their Bitcoin pairs.
— Narrative to shift to ETH and DePIN/RWA.
— Altcoin strength from in Q2/Summer.
— Corrections in Q3.

It’s going to be great, just buy the dip.

— Michaël van de Poppe (@CryptoMichNL) April 17, 2024

According to him, the narrative will shift towards Ethereum, DePIN, and RWA.

The altcoin season will begin in the summer, with a significant correction expected in the third quarter, the analyst believes.

Previously, Animoca Brands founder Yat Siu expressed confidence in Bitcoin reaching the $1 million mark.

Earlier, Euro Pacific Capital President Peter Schiff expressed skepticism about the ability of Bitcoin exchange-traded funds to raise the base asset’s price to $100,000.