“The CRASH Is FINALLY OVER! Get Ready for What’s COMING NEXT…” – Plan B

“The CRASH Is FINALLY OVER! Get Ready for What’s COMING NEXT…” – Plan B

despite this a bit lower uh closing price this month Bitcoin is still 36% up year to date and also Bitcoin is at the haling because this month is the last uh blue dot um because it’s month zero here and from next month may we will count down again to the next halfing in 2028 but this month is the last Blue Dot and every blue dot last Blue Dot every halfing has been at this gray stock tolow model price but it’s ballpark okay it’s the same order of magnitude and and don’t forget in 2019 the Bitcoin price was below 4,000 the blood bath in the crypto Market continues with most top cryptocurrencies down by at least 4% in the past 7 Days Bitcoin the world’s largest crypto currency by market cap is currently trading below $558,000 a level it has maintained since it first dropped below $60,000 a few days ago the CMC crypto fear and greed index has also moved from greed to neutral and is now at its lowest level in 2024 the blood bath has negatively impacted the spot Bitcoin exchange traded funds on Wednesday all approved Bitcoin ETFs recorded massive outflows according to data from bitmex research the the fund saw a record breaking $563 Million worth of outflows in a single day black Rock’s ibit also recorded outflows of about $37 million which is its worst day on record Fidelity’s fbtc recorded the largest outflows with $191 million while grayscale’s gbtc lost about $67.40 B is optimistic that we are still in the very early stages of a bull market and prices will get much higher before the cycle ends in a recent post he made on social media platform X Plan B notes that the April closing of $6,6 32 was the last Blue Dot the month of the Haring event and the real beginning of the bull market the post reads Bitcoin April closing price $6,6 32 this was the last Blue Dot month zero the average price of the 2020 to 2024 Hing cycle was $34,000 slightly below the stock to flow 2019 $55,000 prediction May will be the first Red Dot the start of the new countdown to the next having stock to flow 2024 to 2028 prediction is approximately $500,000 in a follow-up post the pseudonymous analyst added Bitcoin RSI is 66 the same level as earlier having May will be the first Red Dot so we haven’t really started yet in my opinion red dots will be at higher RSI than blue dots and RSI will be greater than 80 later in the bull market in a recent video uploaded to his plan B YouTube channel the anonymous analyst delves further into his expectations for the bull market and how high he expects Bitcoin prices to get in 20124 and 2025 as we bring you clips from the video please take a little time to like this video subscribe to the channel and turn on post notifications for more videos like this thanks and enjoy the video I updated the model uh parameters did not change much uh 2024 2028 Target is still around 500k on average so uh also note that the error always goes down um after the halfing so there is a halfing model value goes up and it of course it takes some time the Bitcoin price has a lag to catch up with the model value it’s every halfing it’s the same it will also be true this halfing in my opinion so we see the error already going down it will go down again because the price will not be 500k of course uh in May it will slowly over the months uh go into the that model price so what’s next for 2024 I repeat the same as last video it is inevitable that we reach 100K in my opinion because minor Revenue has to recover and Mining Revenue because of the halfing did half um all the miners the entire industry has seen its Revenue drop by 50% and it has to recover and usually last three halings it did recover within 4 to8 months so that’s well within this year 2024 and the only way for mining Revenue to recover is that price doubles so estimating from current price of 60k we should be well above 100k this year then 2025 I think the top will be then because historically the top of the bull market after the has been after the halfing and and about one year one and a half year after the halfing so that’s that brings us in 2025 and the big question of course is um will the price follow diminishing returns um and I think a price of well around 200k for the top and uh will be in line with diminishing returns or will price indeed follow the stock to flow model again and will there be exponential returns while Plan B is certain that a recovery is near for Bitcoin and other cryptocurrencies He is uncertain about how everything will play out especially whether bitcoin’s price will follow diminishing returns or follow the stock to flow model and go exponential in the first scenario Plan B predicts that Bitcoin will Top the cycle at around 2 $200,000 per coin however if prices go exponential which plan B gives a higher chance of playing out he predicts Bitcoin could hit anywhere between $500,000 and $1 million before the cycle ends in 2025 in other news binance founder and former CEO Chang Pang Zao has vowed to accept his four-month prison term sentence so he can begin a new phase of Life a post on X he made to thank the cryptocurrency community for their support reads I would i’ like to thank everyone for your care and support be it writing letters showing support on X or in any other form they all mean a lot to me and keep me strong I will do my time conclude this phase and focus on the next chapter of My Life Education I will remain a passive investor and holder in crypto our industry has entered a new phase compliance is super important a silver lining of this whole process is that binance has been under the microscope and funds are safu the former binance executive pleaded guilty to money laundering violations in November last year prosecutors initially recommended a 36-month sentence for him but CZ agreed to step down as CEO of binance and pay a 50 million fine which must have helped mitigate the sentence in a letter sent to the presiding judge prior to his sentencing the former binance CEO expressed remorse for his poor decisions and took full responsibility for his actions a part of the letter reads in hindsight I should have focused on implementing compliance changes at binance from the get-go and I did not there is no excuse for my failure to establish the necessary compliance controls at binance I wish I could change that part of binance’s story but under my Direction binance has now implemented the most stringent anti-money laundering controls of any non- US exchange and those controls have been in place since 2022 do you think CZ deserves to spend 4 months in prison despite cooperating fully with prosecutor from the beginning of the case please drop your replies as well as comments on plan B’s predictions and Analysis in the comments section below also ensure you give this video a thumbs up subscribe to the channel and turn on post notifications for more videos like this thanks for watching

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Credit: PlanB
PlanB Bitcoin Prediction May 2024

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