PlanB Shared His Bitcoin Prediction

Famous analyst PlanB, the inventor of the Bitcoin Stock Flow Model, shared his new Bitcoin price prediction on his Twitter account.

Cryptocurrency analyst PlanB, the creator of the Bitcoin Stock Flow Model, stated that, based on historical data, the leading cryptocurrency has not yet recorded its peak in the current market cycle. PlanB, which has approximately 1.6 million followers on Twitter, stated that the all-time high record of $ 69 thousand will not be the peak of Bitcoin in the current cycle. PlanB said: "I don't think $69k is the high for this cycle." Because, according to PlanB, if the $69,000 level were the peak of Bitcoin, we would have encountered very different results. The famous crypto analyst added that if we entered the bear market, the leading cryptocurrency could fall below the 200-week average, which is $ 18 thousand, and fall to $ 14 thousand. However, despite this prediction, PlanB does not expect such a big drop in Bitcoin. At the time of this news, the leading cryptocurrency Bitcoin was trading in the band of 48 thousand dollars.