News - "We will reach $100.000 by 2024"

By Mike Hesp

"We will reach $100.000 by 2024"

Bitcoin (BTC)
Developments

Bitcoin is nearing its next halving. A price hike to $100,000 seems inevitable this year, according to PlanB.

Analyst "PlanB" predicts an increase in the price of Bitcoin to $100,000 this year.

The decisive factor is the upcoming halving, in which the distribution of new Bitcoin will be halved.

After the Bitcoin price rises to the halfway mark, there will be a "pump" after that, PlanB said.

"We will reach 100,000 by 2024," calculates the trader in five points on X.

The prediction is based on the stock-to-flow model adapted to Bitcoin. According to this model, the supply shortage caused by halving pushes the price up in regular spurts. The next halving will be to prediction take place in late April.

However, PlanB has been wrong more often in the past. It predicted an increase to $100,000 by the end of 2021.

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