Quantitative crypto analyst PlanB anticipates that Bitcoin (BTC) $101,968 will hit multiple new all-time high (ATH) levels in the coming months. In a recent video update to his 200,000 YouTube subscribers, PlanB expressed that 2025 is set to bring significant gains for Bitcoin.
PlanB’s Predictions
The analyst highlighted a high likelihood of Bitcoin’s price reaching new peaks, based on historical data. He noted that in previous peak periods, there has consistently been a trend of reaching new highs, and he expects this trend to continue.
PlanB forecasts an average price target of $500,000 for Bitcoin over the next four years within the stock-to-flow model. However, he cautioned that this target may not be met exactly, with prices potentially ranging from $250,000 to $1,000,000.
“The stock-to-flow model looks into the future, and we expect an average price target of around $500,000 during the 2024-2028 period. However, a standard deviation band presents a wide range from $1 million to $250,000.”
Current Status of Bitcoin
At the time of writing, Bitcoin is trading at $98,445, reflecting a 1.6% increase on a daily basis. This increase aligns with the expectations of analysts.
PlanB emphasized that each new all-time high follows the previous one, referencing trends observed in 2020, 2021, 2017, and 2013. He added that 2025 is likely to witness several new peaks for Bitcoin, advising investors to remain cautious during this period.
Furthermore, PlanB stated that the volatility within the crypto market will persist, though the overall trend remains upward. Investors are encouraged to reassess their strategies in light of these predictions.
These forecasts regarding Bitcoin’s future have garnered significant attention within the crypto community. PlanB’s analyses are regarded as crucial reference points for those tracking market movements.
Bitcoin’s price fluctuations will continue to be influenced by global economic conditions and cryptocurrency regulations. Therefore, careful analysis is recommended for long-term investments.