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Analyst Who Nailed Bitcoin Monthly Prices Predicts Prolonged BTC Bull Market – Here’s His Timeline and Targets

by Daily Hodl Staff
October 4, 2021
in Bitcoin, Trading

A closely followed crypto analyst who accurately predicted Bitcoin’s monthly closing prices says he is expecting the bull market to extend beyond this year.

PlanB tells his 972,800 Twitter followers that he believes Bitcoin is about the kick off the second leg of its bull cycle.

“On-chain analyses finished tonight: In my opinion, we are midway. No sign of weakness (red dot) yet. Note color overlay is not months to halving but an on-chain signal. My guess: this 2nd leg of the bull market will have at least 6 more months to go.”

Image
Source: Van de Poppe/Twitter

In July, PlanB unveiled his worst-case scenarios for BTC for the months of August and September where Bitcoin would close at $47,000 and $43,000, respectively. His predictions have been spot on as Bitcoin closed August at $47,417 and concluded September at $43,031, according to CoinGecko.

PlanB now predicts that Bitcoin will ignite huge rallies en route to fresh all-time highs.

“Aug>$47,000
Sep>$43,000
Next targets: Oct>$63,000, Nov>$98,000, Dec>$135,000.”

The widely followed analyst also mentions a number of fundamental catalysts that can push the price of Bitcoin to greater heights in the coming months, including the advancement of micropayment solution Lightning Network (LN), the possibility of adoption by big-tech firms and the deployment of smart contracts via the RSK sidechain.

“What will trigger the next leg of the Bitcoin bull market?
– ETF approval (SEC)
– Nation adoption (next El Salvador)
– LN/Strike surprise (Jack Mallers)
– Apple/Amazon/Google/MS adoption
– RSK killer use case (Blockstream)
– Next Michael Saylor/Paul Tudor Jones
– China U-turn?”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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