Analysis Today TheBitTimes.com

As Bitcoin (BTC) returns above the $44,000 price mark and continues to steadily push on further, many experts are certain this is just the beginning of its massive rally, with one of them seeing it at $55,000 by halving, doubling in 2024, and growing more than tenfold in 2025. Specifically, pseudonymous cryptocurrency analyst PlanB shared his predictions for Bitcoin based on several charts, starting with his stock-to-flow (S2F) model, which suggests a value between $50,000 and $60,000 at the next halving, according to the expert’s YouTube video streamed on January 4. Furthermore, by the end of 2024, the analyst expects the flagship decentralized finance (DeFi) asset to climb to as high as $100,000, after which he anticipates the maiden crypto asset to reach a whopping $532,000 in a slow pump “maybe well into 2025” as a pump like that “usually takes a little bit of time” after the halving. Bitcoin stock-to-flow model analysis. Source: PlanB Indeed, the expert’s other charts are con...

The Celsius Network recently released an update on its Chapter 11 bankruptcy plan. It provides a glimpse into the negotiations with retail borrowers and creditors, including treating in-kind crypto returns, CEL token custody, and creditor classes. Here it is. Joint #Celsius #NovaWulf Chapter 11 Plan of Reorganization! https://t.co/4DkfTlIQmP — Simon Dixon (@SimonDixonTwitt) April 1, 2023 According to the new updates, retail users who withdrew less than $100k and agreed to the plan will not face a clawback. In contrast, retail users who took between $100k and $250k can settle 27.5% of their funds in USD, Ethereum, or Bitcoin. However, the litigation trust will pursue those who withdrew more than $250k on a case-by-case basis. According to official documents, Celsius Network negotiated new terms with retail borrowers. Simon Dixon, the founder of BankToTheFuture, described it as an option to remain a Bitcoin maxi over an Ethereum maximalist. However, details o...