As Bitcoin (BTC) begins the week on an uptrend, similar to most assets in the cryptocurrency market, experts are predicting further gains, with some confident that the first digital asset will surpass $100,000 in the next few years.

Coincidentally, a pseudonymous cryptocurrency analyst Plan B, aka 100 trillion USD, repeated in an

As the expert pointed out, the November 2022 low was actually the bottom for Bitcoin and was expected to rise towards the halving in 2024, especially since it has already risen from $18,000 to $27,000 since January 12th is Plan B did that original prediction.

The realized price of Bitcoin. Source: 100 trillion USD

Therefore, the analyst believes that the halving in 2024 will bring the largest crypto asset into a price range between $23,000 and $66,000, while the subsequent bull market in 2025 will push the rush towards the range between $100,000 and up to $1 million US dollars per unit.

Bitcoin price analysis

Meanwhile, Bitcoin was trading at $27,320 at press time, registering a daily gain of 2.84%, while its value increased by 6.43% in the previous week and was up 5.41% on the monthly chart, as per the information retrieved comes out on September 18th.

Bitcoin 7 day price chart. Source: Finbold

Notably, Bitcoin has crossed a bullish cross for the first time in over a year, a bullish sign evident in the recent rally. In addition, there are still 29 halving events to come, each of which holds the possibility of further recovery.

Disclaimer: The content of this website should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.

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