It has been just revealed that Bitcoin could hit $524k in the next four years. Check out the latest reports about this below.

Bitcoin could hit $524k until 2027

According to on-chain analyst PlanB, Bitcoin (BTC) has the potential to reach an astonishing $524,000 within the next four years.

PlanB confidently shared a chart with his 1.8 million followers on the social media platform X, which depicts the price at which the majority of BTC was distributed during each halving, when miners’ rewards are halved.

Based on the historical trend that BTC appears to top out about 4x higher than the lower end of the distribution range, PlanB is convinced that the crypto king could soar above the half-million dollar range in the next few years.

He also notes that the next bull run may be even more explosive than the past due to several macro factors, including the impact of Covid-19 on the 2021 cycle.

“At 2012 halving, most Bitcoin was <$16.
At 2016 halving, most BTC was in the $256-$1024 range.
At 2020 halving, most BTC was in the $4,000-16,000 range.
At 2024 halving, most BTC will be in the $16,000-$65,000 range.

I would not be surprised if next four years, most BTC will transfer in the $65,000-$524,000 range.”

As per the analysis of a highly regarded expert, the recent dip of BTC below $40,000 is merely a temporary situation.

Additionally, the expert has shared a chart that shows that Bitcoin is presently trading above the two-year and five-month realized price levels, which is a positive indication.

The realized price metric provides an accurate calculation of the average price of all Bitcoin transactions on the blockchain, divided by the total number of BTC in circulation.

Says PlanB,

“Enjoy sub-$40,000 Bitcoin … while it lasts.”

Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $37,113.

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