Renowned quantitative analyst PlanB is making a bold prediction about the future of Bitcoin (BTC), stating that the upcoming cycle top will surpass the current value by more than four times. Having a significant following of 1.9 million users on the social media platform X, PlanB believes that Bitcoin will experience substantial gains following the halving event scheduled for April 19th. Drawing on historical precedents, the analyst anticipates that the halving, which involves a reduction in miners’ rewards, will once again have a positive impact on Bitcoin’s price, projecting that the leading cryptocurrency will reach a cycle top of approximately $300,000 by 2025.

According to PlanB, Bitcoin has consistently witnessed price increases during previous halving events, with a doubling of the price in the six months leading up to the event, another doubling in the six months following the event, and a subsequent quadrupling between six and 18 months after the event. The analyst emphasizes that this halving will not deviate from the pattern and highlights the strategy of buying six months before the halving and selling 18 months after as outperforming the traditional buy-and-hold approach. PlanB predicts that Bitcoin will exceed $100,000 in 2024, ultimately peaking at over $300,000 in 2025.

PlanB also addresses the immediate aftermath of the halving event, stating that there will not be an immediate breakout in Bitcoin’s price. Pointing to the recent price increase from $34,000 to $62,000 in April, the analyst suggests that there will be another doubling in the six to ten months after the halving, followed by a “face-melting fear of missing out top” with a potential increase of 2x to 4x. As of now, Bitcoin is trading at $64,489, representing a 1.5% increase in the last 24 hours.

It is important to note that the opinions expressed by PlanB are not investment advice, and investors should conduct their own thorough research before engaging in high-risk investments involving Bitcoin or other cryptocurrencies. The Daily Hodl, where this article is sourced from, does not endorse the buying or selling of cryptocurrencies and is not an investment advisor.