Quant analyst PlanB says that Bitcoin (BTC) remains on track to hit $500,000 based on one benchmark indicator.
PlanB tells his nearly 1.9 million followers on the social media platform X that he is doubling down on his massive six-figure price prediction for Bitcoin despite months-long sideways movement.
Responding to a follower asking about BTC’s recent chop, PlanB says he still believes Bitcoin is on track to hit an average price of $500,000 between now and 2028.
“Great question. The boring six-month trading range did not really surprise me. Of course, my hope was for a sooner pump. But I have become very patient: as long as Bitcoin stays within the (wide) flight envelope (which it does!) it’s all OK. So my target (since 2019)
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!