PlanB shared his vision for the BTC movement in 2023-2025

An anonymous cryptocurrency expert, known to the community under the pseudonym PlanB, shared his views on how the flagship crypto asset will move in the next 2 months.

On his YouTube channel, PlanB posted a video in which he shared his opinion on the movement of the flagship cryptocurrency. He used several charts to try to accurately predict the future behavior of traders and investors in the cryptocurrency market.

To be more precise, he used a chart showing the behavior of the market for several months before the halving.

In the picture, the red dots show the places immediately after the halving and have 50 months until the next such process. The blue dots mark the places where the halving took place. As we can see from this graph, after the halving kicks in and the reward for mining bitcoin blocks decreases, the price of the digital asset starts to rise. This does not happen immediately, but the trend is very clear.

According to PlanB, any investor can make 10x if they enter the market and just wait long enough. According to him, it does not matter whether a person enters the market with $1 in his assets or his deposit is $10 or $100 or $1,000. Over time, this money can turn into $10, $100, $1,000 and $10,000, respectively.

He also used the RSI (Relative Strength Index) as another analytical tool.

This chart also indicates that in the coming months after the halving, the cryptocurrency market is gaining strength and starting to surpass previous highs, so long-term patient investors can have a good profit.

Another tool that PlanB used was the fear and greed index of cryptocurrency market participants. He said that if we are now in the zone of fear, then we are ahead of the growth of digital assets.

However, it cannot be said that we are now exactly in the zone of fear. The index is in the neutral zone, which indicates the absence of a specific mood. The greater the fear, the better the moment to buy bitcoin. Accordingly, the greater the greed, the more it is worth thinking about fixing your profit due to overheating of the market and the necessary correction.

The neutral state of affairs in light of today's events shows that investors are not going to actively push the market or raise and they are in a calm state.

In 2021, the creator of the Stock-to-Flow model predicted the rise of the flagship cryptocurrency to $100,000, but his attempts to predict the future for that year were unsuccessful. BTC stopped at $69,000 and then went down.

At the moment, BTC is in the $23,000 area before going down to $22,700 and up to $23,000+. Many members of the cryptocurrency community are entering into discussions about where the price will go next. Many are sure that after a sharp rise, BTC will show a correction and bounce off the resistance level. The other half of the community is confident that the flagship digital asset will not give up so quickly and can go to new local heights, be it $25,000, $28,000 or $30,000. Some do not rule out the option of going for $35,000.

You can read more about this in our article, in which we talked about what cryptocurrency experts think.