Renowned cryptocurrency analyst PlanB is projecting a positive outlook for Bitcoin's price in 2024 and 2025. Through an in-depth analysis of Bitcoin's stock-to-flow chart, he highlights the cryptocurrency's potential for reaching new all-time highs, particularly before halving events. PlanB anticipates Bitcoin hitting $100,000 in 2024 with possibilities of surpassing that mark. He foresees even higher values in 2025, potentially exceeding $500,000 or even reaching $1 million.

PlanB also points to the relative strength index (RSI), indicating an interesting turn with Bitcoin maintaining high levels before halving, suggesting a pathway to exponential price growth. Additionally, examining Bitcoin's profitability trends suggests continued positive performance in the months ahead.

As of now, Bitcoin is trading at $66,530 with slight declines in the past 24 hours and week, but overall monthly gains remain steady at 7.91%. Historical data aligns with projections for Bitcoin's upward trajectory, especially around halving events. However, it is crucial for investors to conduct their research and stay informed due to the volatility of the cryptocurrency market.

Disclaimer: The information provided should not serve as investment advice, as investing in cryptocurrencies can be speculative and involves risks. Watch the video for a more detailed analysis of PlanB's Bitcoin price predictions.