Plan B, which closely follows quantitative analysts, believes Bitcoin (BTC) could post more than a 4x return this market cycle.
In a new strategy session, an on-chain analyst told his 140,000 YouTube subscribers that he would be disappointed if Bitcoin ended its current bull run with a price peak of $200,000.
According to PlanB, a stock-to-flow model, which divides the volume of a commodity in circulation by its annual production volume, suggests that BTC could rise more than 660% from its current price before the market cycle ends. .
“So the next top will not be this year, 2024, but next year, 2025. Some people are talking about $200,000 as that top, the next top. You can see it in this chart [below] That it would be very overwhelming.
In fact, from a stock-to-flow perspective, you need a much higher cap than the average $500,000.So let's say $600,000. [or] Maybe $700,000, maybe $1 million…so the max will be over $500,000 in 2025. ”
But Plan B warns that Bitcoin's rise will likely have bumps in the road. He said he expects Bitcoin to see some corrections in the coming months on its way to reaching its target price.
“There will also be volatility. That’s very important. It doesn’t go straight up or down. There could be multiple negative 20% or 30% declines. That’s very normal… Personally, and of course this is not financial advice…I'm not doing anything for the next 12 months.
We will then re-evaluate when the market phase switches from bull market to distribution. ”
At the time of this writing, Bitcoin's value was $65,554, down more than 5% in the past day.
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