Bitcoin Price Prediction as BTC Consolidates at $62,000, Making 99% of Addresses Profitable – What’s Next?
As Bitcoin (BTC/USD) hovers above the $62,000 mark, showing a 1.50% increase on Saturday, the cryptocurrency landscape is abuzz with anticipation.
This pivotal moment makes 99% of Bitcoin addresses profitable, sparking a debate on the future trajectory of this digital asset.
Analysts, including the renowned PlanB, suggest we are on the cusp of a bull market, predicting a 10-month period of explosive growth driven by intense FOMO and bolstered by recent advancements such as the approval of spot Bitcoin ETFs.
With predictions placing Bitcoin’s price between $100,000 and $120,000 by Q4 2024, investors are keenly watching for signals in this consolidating market.
Bitcoin analyst PlanB forecasts a bullish market, projecting a 10-month surge fueled by intense FOMO. According to PlanB, the end of accumulation signifies prime market entry, aligning with historical trends following Bitcoin’s halving events.
Cosmic Force feed: Bitcoin analyst PlanB predicts 10 months of ‘face melting fomo’ https://t.co/Fk6o2rmyEm https://t.co/QDsS9aHx9D pic.twitter.com/PEhXBKaIcZ
— Cosmic Force
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