Bitcoin Price Prediction: BTC Sets A New ATH Above $106K As This PEPE Derivative ICO Heads For $25 Million
The Bitcoin price surged 3% in the last 24 hours to trade at $103,676 as of 11:19 p.m. EST on trading volume that soared 56% to $85.8 billion. The BTC price pump took the king of cryptos to a new all-time high (ATH) of $106,352 before it pared gains. According to PlanB, the creator of the stock-to-flow model, the BTC price could average around the $500,000 valuation across 2025, perhaps even surging to as high as $1 million. His model hinges on the assumption that demand for BTC will continue to grow. My forward guidance for 2024 has not changed since Oct 6, 2022 when bitcoin was 20k (see below): ✅️rise into April 2024 halving ✅️halving around 55k ✅️pump after halving ✅️hit 100k in 2024 – hit S2F target ~500k average (range 250k-1m) in 2025 https://t.co/BlUlk1XuLj — PlanB (@100trillionUSD) December 6, 2024 Bitcoin Price Indicators Show A Continued Uptrend The BTC/USD chart on the 1-day timeframe reflects a s...