[PlanB predicts the timetable for Bitcoin to reach new highs and says that Bitcoin will not fall below this floor price]Renowned analyst PlanB has predicted a timeline for Bitcoin to reach new highs. In his latest video, he told his 96,300 YouTube subscribers that Bitcoin is unlikely to fall below $31,000 based on its 200-week moving average.*“History shows that Bitcoin price will not fall below the 200-week moving average. Therefore, we may not see prices below $31,000 again. For now, it seems that this is the bottom line, and this bottom line is rising. So , the price floor may rise to US$32,000 or US$35,000 in the future. "*PlanB continued that in the fourth quarter of this year, Bitcoin may hit a new high and then crash.“Historically, the 90% orange point is always followed by a 100% red point, which is a new high. Therefore, we may see a new high before the next crash, which is expected to be within six months after the halving, which is October of this year.”Bitcoin’s next halving is expected in April, when miner rewards will be cut in half. At the time of writing, Bitcoin is trading at $42,860, down slightly over the 24 hours.
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