Bitcoin Soars to New Heights, Surpassing $72,000

After a series of rallies, Bitcoin (BTC) has officially shattered its previous all-time high, reaching $72,211 before settling at $71,996. This surge has analysts buzzing about what’s in store for the cryptocurrency.

PlanB’s Predictions

Quantitative analyst PlanB, who uses the stock-to-flow model to predict Bitcoin’s price, believes the real bull run is just beginning. He expects BTC to rally to at least $100,000 and potentially as high as $1 million.

Willy Woo’s Insights

On-chain analyst Willy Woo agrees that Bitcoin is far from reaching its peak. He points to the Bitcoin Macro Index, which tracks fundamental and technical metrics, indicating that BTC is just breaking through into a new phase of growth.

What’s Next?

Both PlanB and Willy Woo believe that Bitcoin’s current rally is just the warm-up. They anticipate a full-fledged bull market driven by strong fundamentals, which could shock traditional financial markets.

Note: This article is for informational purposes only and should not be considered investment advice.