“PlanB”, a crypto analyst known by the username, evaluated the current technical outlook of the leading cryptocurrency Bitcoin in a tweet on his Twitter account. The analyst, who made predictions for the years 2024 and 2025, suggested that BTC could surpass the $100,000 price levels in the bull market of 2025.
Analyst Points to $100,000 Levels in Bitcoin
Known for his BTC analyses since 2017 and the creator of the S2F (Stock-to-Flow) model, the crypto analyst with the username “PlanB” evaluated the current technical outlook of the leading cryptocurrency Bitcoin in a post on his Twitter account. The analyst pointed to the 2025 Halving and the 2025 bull market.
The analyst suggested that with the 2024 Halving, BTC could surpass the $32,000 levels and trade between $32,000 and $66,000 levels. He also emphasized the $100,000 levels for the bull market in 2025. According to the analyst, Bitcoin could reach a price level between $100,000 and $1 million in the bull market of 2025.
However, PlanB, who has made many accurate analyses in the past with the S2F model, has also witnessed significant declines in the crypto market despite indicating rises many times in previous years. The leading cryptocurrency Bitcoin (BTC), which experienced a strong downward momentum in late 2022, declined to $16,000 price levels during this period.
Current Situation in Bitcoin
The cryptocurrency market started the day with a strong upward movement. The leading cryptocurrency Bitcoin (BTC) reached the $27,300 price levels, recording an increase of nearly 3% within the last 24 hours.
Significant increases were also observed in trading volumes. Bitcoin’s total trading volume in the last 24 hours showed an increase of over 90%. After the recorded increases, BTC’s total market value surpassed $530 billion again.
