Plan B: Bitcoin is Ready and Not Buy Now is Like Missing Out on Buying Under $10K in 2019

In a recent tweet, renowned Bitcoin analyst Plan B sent shockwaves through the cryptocurrency community with his bold prediction that Bitcoin is poised to rise significantly. With his track record of accurate predictions, investors and enthusiasts are taking his words seriously.

“Bitcoin is ready (to rise). Are you ready?” tweeted Plan B, leaving his followers eagerly awaiting his insights on the market’s next move.

Plan B’s prediction is based on historical patterns and the current state of the market. He compared the current situation to previous instances where Bitcoin’s price had a prolonged period of sideways movement around the two-year average realized price. The realized price is essentially the average purchase price of all Bitcoins in circulation.

According to the chart shared by Plan B, in the past, whenever Bitcoin experienced such a sideways trend around the two-year average realized price, it eventually surged to new heights. He highlighted that not buying Bitcoin when it was under $30,000 is akin to missing the opportunity of acquiring it when it was priced below $10,000 in 2019 and 2020.

Plan B drew further parallels, reminding us of the times when Bitcoin was valued below $500 in 2015 and 2016 or even below $10 in 2011 and 2012. In those periods as well, the cryptocurrency witnessed long-term sideways movement around the two-year average realized price, only to skyrocket afterward.

The realized price, as explained by Plan B, is calculated as the average value of Bitcoin moving from one wallet to another, derived from on-chain data. This metric gives valuable insights into the average cost basis of Bitcoin holders and indicates the level of support for the current price levels.

Looking forward, Plan B offered an optimistic outlook for Bitcoin’s future. He predicts that the digital asset will surge to $100,000 after the next halving event, which is expected to take place next year. The halving is a pre-programmed event in Bitcoin’s protocol that reduces the mining rewards by half approximately every four years, thus limiting the supply and often leading to price surges.

In the long run, Plan B’s prediction is even more eye-catching. He foresees that Bitcoin could reach an astonishing $1 million price level, signifying unprecedented growth over time.

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