The PlanB analyst said that the current halving cycle is no different from previous ones. He expects Bitcoin to reach $100,000 in 2024 and $300,000 at its peak next 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 opinion, the best strategy is still to buy the first cryptocurrency six months before the block reward reduction and sell it 18 months after the event.
In response to a user’s question, Plan B emphasized that nothing will change two days after the halving. However, he noted a “small” increase in prices – from $34,000 in October 2023 to $62,000 currently.
The expert allowed a further two-fold increase within 6-10 months after the halving of the reward for miners, and then another increase of two to four times at the “top” FOMO”
At the same time, the founder of MN Trading, Michael van de Poppe, published several of his expectations for the market. He predicts the consolidation of Bitcoin and “jumps” of altcoins paired with the first 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, in the future the narrative will shift towards Ethereum, DePIN and RWA.
The low season will begin in the summer, and a serious correction will occur in the third quarter, the analyst believes.
Earlier, the founder of Animoca Brands, Yat Siu, said that he has no doubt that the price of the first cryptocurrency will reach $1 million.
Source: Cryptocurrency

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