• Bitcoin price has recently retested $23k after a sudden breakout from last week’s $21k resistance level.
• Popular analyst dubbed PlanB has highlighted that Bitcoin’s realized return just turned positive.
• PlanB has predicted that Bitcoin price will trade above $32k during next year’s halving and above $100k during the 2025 bull market.
The past few weeks have been an exciting time for the cryptocurrency market. Bitcoin price has been on a roller coaster ride and managed to break through the $21k resistance level to test the $23k level. This surge in price has been met with a lot of excitement from crypto traders and investors, who are hoping that this rally will lead to more gains in the near future.
The surge in Bitcoin price has also been noticed by popular analyst PlanB. PlanB has been closely monitoring the cryptocurrency market and has made a number of predictions in the past. Recently, he highlighted that Bitcoin’s realized return has just turned positive. This means that sellers are now taking profits instead of cutting losses.
PlanB has made a number of predictions for the future of Bitcoin price. The analyst believes that Bitcoin price will trade above $32k during next year’s halving and above $100k during the 2025 bull market. He also believes that the current bull market could be the start of a long-term bull cycle for Bitcoin.
The cryptocurrency market is still in its early stages and it is hard to make accurate predictions. However, PlanB’s predictions have been accurate in the past, which means that his predictions could be worth paying attention to.
The coming months will be crucial for the cryptocurrency market. If Bitcoin manages to break through the $23k level, it could be a sign that the current bull market is just getting started. It will be interesting to see how the market develops in the coming months and whether PlanB’s predictions will come true.