Posted 1/7/2024, 9:00:51 PM
Bitcoin Primed for Major Bull Run With Key Signals Pointing to $100K-$1M Price Targets
- PlanB expects a "nice 10x" price increase for Bitcoin, bringing it to the $100,000 - $1 million range
- Many of Bitcoin's key indicators have flipped bullish, signaling the start of a new bull run
- Bitcoin's price crossed above the average cost basis of coins in circulation, a "hallmark" bull market signal
- Bitcoin adoption is still early, estimated at only 2-3%, so exponential growth can continue for a couple more years
- PlanB's analysis tracks Bitcoin's market cycles by analyzing the cost basis of the majority of BTC in circulation