I think in the next four months towards the halving, we will start to see Bitcoin rise even further towards $50,000 [to] $60,000 region.<\/p><\/blockquote>\n
This prediction aligns with historical trends, where Bitcoin often experiences a surge in buying activity in anticipation of halving events, which cut the block reward by 50%.<\/p>\n
Related Reading: Whale Watch: Bitcoin\u2019s $100,000 Transactions Soar, More Surge Ahead?<\/a><\/div>\nPlanB’s Long-Term Vision: A Rally To $532,000<\/h2>\n
Looking further ahead, PlanB’s projections<\/a> become even more ambitious. The S2F model creator foresees Bitcoin breaking past its all-time high to reach $100,000 later this year.<\/p>\n
According to PlanB, this prediction gains credibility with the recent US Security and Exchange Commission (SEC) approval of spot Bitcoin ETFs, a milestone development for the crypto market.<\/p>\n
By 2025, PlanB’s vision for Bitcoin will reach a monumental peak of $532,000. This long-term forecast, underpinned by the S2F model, suggests a future where Bitcoin cements its status as a digital store of value and profoundly disrupts traditional financial paradigms.<\/p>\n
PlanB’s confidence in these targets is bolstered by his S2F models and the increasing institutional acceptance of Bitcoin.<\/p>\n
\nI expect $55k bitcoin at halving, $100k in 2024, $532k in 2025:https:\/\/t.co\/TSo7TpNfzb<\/a> pic.twitter.com\/mQaXM5Qabb<\/a><\/p>\n
\u2014 PlanB (@100trillionUSD) January 10, 2024<\/a><\/p><\/blockquote>\n
Bitcoin Current Bull Run: Beyond $48,000 And Rising<\/h2>\n
Amid PlanB’s predictions, BTC is riding a bullish wave following the landmark approval<\/a> and trading of spot Bitcoin exchange-traded funds (ETFs) in the US. The asset has leaped from its 24-hour low below $45,000 to over $48,000, demonstrating a 5.7% increase<\/a> in the last 24 hours.<\/p>\n
BTC price is moving sideways on the 1-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n This surge is accompanied by a dramatic spike in trading volume, indicating heightened investor interest and market activity. PlanB is not alone in forecasting a bright future for BTC. Finance guru Robert Kiyosaki recently projected a $150,000 target for BTC, largely influenced by the expected influx of institutional investment through spot ETFs.<\/p>\n
\nBITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon. Gold to the moon as Central Banks buy , store, and never sell. Silver to crash as silver stackers sell to pay bills, caused by rising inflation. Great news for silver stackers. Time to buy more as silver crashes.\u2026<\/p>\n
\u2014 Robert Kiyosaki (@theRealKiyosaki) January 10, 2024<\/a><\/p><\/blockquote>\n
While the exact timing of this milestone remains uncertain, the consensus among experts points to a significant potential for Bitcoin’s price escalation shortly.<\/p>\n
Adding to the bullish sentiment, BTC has seen a significant increase in high-value transactions, a trend not seen in nearly two years. Analyst Ali reported significant transactions exceeding $100,000<\/a> among Bitcoin whales.<\/p>\n