PlanB Maps Bitcoin's October Path to $100K as Glassnode Flags Shallow Drawdown
- —PlanB's $100K October path hinges on BTC holding above $80,500
- —BTC sits about 30% below its peak versus deeper drawdowns in past cycles
- —Net realized profit is near late-2023 levels, signaling controlled selling
- —Prediction markets price roughly a 40% chance of $100,000 this year
Why it matters: Holding the 365-day average with light profit-taking could open the path to $100,000, though the old four-year cycle still threatens a final flush.
Source: Bitcoin.com