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Bitcoin
Bitcoin

Plan B Unveils New Bitcoin (BTC) Bull Run Predictions

Plan B, a Dutch analyst and the ideas behind the BTC stock-to-flow (S2F) model, has once again forecasted a potential Bitcoin bull market which he believes will be initiated into following a bottom price touch.

According to a recent tweet, the anonymous Bitcoin analyst stated that he was optimistic for a second phase of the Bitcoin bull market of last year in the last month of the year, but the end of the bull market became evident in Q1 2022. “We entered a bear market from the Apr 2022 peak (yes ATH was Nov 2021),” said PlanB, “now we are creating a bottom. Then a new bull market will start. BTC cycles.”

RELATED: Bitcoin Short term analysis: Can Bitcoin Hit $34,000 this week?

Plan B has a notoriety for making correct price predictions. Though, not boasting of a perfect record, his predictions have in the long run proven to be generally stable and reliable most especially because of his usage of the stock-to-flow model.

Plan B made a prediction of a $1 trillion market capitalization for Bitcoin in 2019 when most analysts and investors had lost all hopes and also given up, expecting further decline as the coin dipped to $3k from its $17k increase of 2018. Bitcoin attained the $1 trillion dollar market cap in February last year.

A sequence of predictions was made by Plan B in June last year after the Bitcoin plunge that followed an Elon Musk tweet; the Dutch analyst made a prediction of $63k, $98k, and $135k prices for October, November, and December in 2021. The $63k price for October was correct.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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