Expert in Cryptocurrency PlanB Predicts New Bitcoin (BTC) Bull Run

　　PlanB, a Dutch analyst and the brains behind the BTC Stock-to-Flow (S2F) model, has predicted a probable Bitcoin bull market, which he believes will be heralded by a price bottom.

　　PlanB is known for making accurate price predictions.

　　In a recent tweet, an anonymous Bitcoin expert disclosed that he was looking for a second phase of last year's Bitcoin bull market in the final month of the year, but that the bull market ended in Q1 2022.

　　“We entered a bear market from the peak in April 2022 (indeed, the ATH was in November 2021),” PlanB explained, “and we are now establishing a bottom.” After that, a new bull market will begin. Bitcoin cycles.

　　PlanB is known for making accurate price predictions. Despite not having a flawless track record, his forecasts have shown to be usually reliable, thanks in part to his use of the Stock-to-Flow model.

　　When most analysts and investors had given up, PlanB predicted a $1 trillion market capitalization for Bitcoin in 2019, when the coin had dropped to $3k from its $17k peak in 2018. Bitcoin's market valuation surpassed $1 trillion in February of last year.

　　PlanB issued a series of projections in June last year following the Bitcoin drop caused by an Elon Musk tweet: the Dutch analyst forecasted $63k, $98k, and $135k prices for October, November, and December of 2021, respectively. The October 63k pricing was correct.

　　In November, he revealed that his November price estimate was based on his floor model rather than his S2F model, showing that he employs three models for his predictions: S2F Model, Floor Model, and On-chain Model.

　　Bitcoin has not been spared by the recent crypto slump.

　　Several additional analysts have weighed in on BTC amid the asset's current bear market. Last year, Carol Alexander of Sussex University stated that BTC might reach $10,000 by 2022.

　　Ian Balina, Blockchain and Cryptocurrency Evangelist, said that BTC will eventually reach a price range of $100,000 to $150,000. He stated that he expects the increased interest in crypto and Web3 will impact a long-term price increase in BTC.

　　Bitcoin has not been spared by the recent crypto slump. The firstborn cryptocurrency has reached lows not seen in two years, trading around $29.8k at of press time. Other assets have also collapsed, with Terra's LUNA dropping by 100% in a matter of days due to the UST stablecoin crisis.

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