It has been reported that PlanB is revealing a new BTC price prediction ahead of the halving. Check out the latest reports about the matter below.
PlanB reveals BTC price prediction
PlanB shared the following tweet on X:
Reminder: October closing price tomorrow is the start of the [halving minus 6 months – halving plus 18 months]-period that historically outperforms buy&hold. And that is the essence of the S2F model: that scarcity and thus halvings drive price.https://t.co/WiwIjN07ph pic.twitter.com/dM4wJVfAmZ
— PlanB (@100trillionUSD) October 30, 2023
When someone asked him if they should buy today, he responded: “Yes, this model is indeed buying the October close tomorrow. But as you know I use many models (like S2F model, bitcoin market cycle model, classic TA, many onchain indicators) some of which gave earlier buy signals. NFA, DYOR, always make your own buy and sell decisions!”
New BTC predicitons are beyond optimistic
Here is a relevant tweet that has been shared recently:
💥BREAKING: Within 72 days the first #Bitcoin Spot ETF will be launched.
In exactly 72 days, the final deadline for Ark Invest's Bitcoin Spot ETF will arrive.
The reality is, that the SEC cannot reject Ark's ETF and then approve BlackRock's Spot ETF.
Therefore, we can… pic.twitter.com/KIDmTLHmzv
— Crypto Rover (@rovercrc) October 30, 2023
Someone commented: “this is exciting news! Can’t wait to see how it impacts the market and opens up more opportunities for Bitcoin investors.”
Cantor Fitzgerald, a financial services firm providing prime brokerage and investment banking services, has released a report indicating that the long-awaited Bitcoin exchange-traded fund (ETF) could become a reality soon.
According to a Bloomberg News report, the firm’s analysts are confident that the Security Exchange Commission (SEC) will approve applications from asset managers to launch a spot ETF for Bitcoin.
