Bitcoin, known as PlanB, uses the stock-to-flow model. $97,364.3The analyst, known for his application, shared BTC’s price target for this month. PlanB stated that Bitcoin could reach $150,000 in December, up more than 53% from its current value.
December BTC Price Target
PlanB stated in an interview that Bitcoin has the potential to rise to $150,000 in December. This prediction marks a significant increase over Bitcoin’s current value.
Based on past market cycles, the analyst said Bitcoin could continue to hit new all-time highs at least through June. PlanB predicts that the short-term intense rises that followed three years of bull markets will repeat.
“This is almost frighteningly repetitive. If past cycles are any guide, we will see the same thing again, and I firmly believe we will. If the peak is not $100,000 in December, we can get $150,000. Bitcoin’s returns are not normally distributed. That’s why the all-time high is followed by the all-time high again. “We expect a true bull market move that will last perhaps six to twelve months.” – PlanB
The accuracy of these predictions may vary depending on Bitcoin’s volatile nature and market dynamics. Currently, Bitcoin is at $97,677 at the time of writing and has decreased by 2% in the last 24 hours. PlanB, which accurately predicted price peaks with almost pinpoint accuracy in September, October and November of 2021, was wrong at the end of the year. Cryptocurrencies dropped significantly as the Fed, which will cut interest rates by 2022, worried the markets. By the end of 2022, PlanB’s predictions that the rise would begin, albeit with a delay, were ridiculed.
Current Status of Bitcoin
Bitcoin continues to attract the attention of investors with its current price. PlanB’s predictions can shape future expectations among investors. PlanB’s predictions can form a basis for evaluating new investment opportunities in the Bitcoin market. Investors should remember that past performances do not guarantee the future and should make their own decisions by making their own analysis.
PlanB’s predictions offer perspective on Bitcoin’s potential rise, but final decisions should be based on individual evaluations. Due to the mistaken PlanB in 2021, traders who imitated it without question had to face huge losses.
Bitcoin’s future performance will depend on market conditions and economic factors. Investors should conduct extensive research to make informed decisions. However, analyst PlanB, who made a prediction based on historical data, targets a peak of up to 150 thousand dollars this month.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
