PlanB, a renowned analyst, is predicting a timeline for Bitcoin (BTC) to reach new all-time highs. According to PlanB, BTC is unlikely to drop below $31,000 again based on Bitcoin’s 200-week moving average. He suggests that historically, when Bitcoin diverges from the moving average line, it does not drop below that line. PlanB believes this could serve as a floor price for Bitcoin. Moreover, he highlights that the floor price is rising as the 200-week moving average is consistently increasing. PlanB further anticipates that Bitcoin will reach a new all-time high in Q4 of this year, before experiencing a crash. He suggests that typically, six months after the halving, Bitcoin reaches a new all-time high, implying a potential new high in October. Bitcoin’s next halving is scheduled for April, which will lead to a reduction in miners’ Bitcoin rewards. At the time of writing, Bitcoin is trading at $42,860 with a slight decrease in the last 24 hours.
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PlanB Predicts Timeline for New Bitcoin All-Time High, Says BTC Won’t Go Below This Floor Price
