PlanB’s Market Cycle Analysis: Bitcoin Gears Up For Skyrocketing Beyond $100,000
17 Januar 2024 - 12:00AM
NEWSBTC
In a recent post that echoes his previous analysis, the renowned
Stock-2-Flow (S2F) model creator, PlanB, highlighted a pivotal
phase transition in the Bitcoin market. However, it may remain
unrecognized by many. Reflecting on his analysis from January of
the previous year, PlanB recalled his declaration that the bear
market phase had ended and an accumulation phase had commenced.
Despite this, many at the time were still anticipating a fall to a
Bitcoin price of $10,000. Consequently, even as the analyst’s model
signals a phase transition for Bitcoin, skepticism may still cloud
the perception of many in the market. Bitcoin Enters A Phase
Transition, Poised For Rally Despite the market movement, PlanB’s
Bitcoin Market Cycle Model chart indicates that the flagship
cryptocurrency has been in an accumulation stage. This critical
period of consolidation began in early January last year, according
to PlanB, aligning with the analyst’s earlier assertion that the
bear market had concluded at that time. Related Reading: How Spot
Bitcoin ETFs Could Catapult BTC Price To $500,000, According To
This Crypto Trader The accumulation phase is typically marked by
increased buying activity, often by long-term investors or
‘whales,’ laying the groundwork for future price surges. PlanB’s
analysis, shared earlier last year, suggests that Bitcoin had
bottomed out in November 2022, with a low of $15,500. The analyst
posits that the trajectory for Bitcoin is set for substantial
growth leading up to the 2024 halving and the ensuing bull market
in 2025. The best thing about this bitcoin market cycle model is
that only a few will believe it when it detects a phase transition.
For example, when I tweeted on Jan 12 that the bear market (green)
was over and the accumulation phase (blue) had begun, many were
still calling for 10k. https://t.co/V74Y8VYCVo
pic.twitter.com/l2uuFaVr14 — PlanB (@100trillionUSD) January 16,
2024 PlanB forecasted in the post shared last January that
Bitcoin’s value would trade above $32,000 post-halving and even
reach or surpass the $100,000 mark in the bull market in 2025.
Further Surge Ahead The bullish sentiment is further echoed by
PlanB’s recent predictions, including a pre-halving surge, a rally
following the approval of spot Bitcoin exchange-traded funds
(ETFs), and a monumental peak anticipated in the coming years. His
YouTube video outlines a short-term forecast of Bitcoin soaring
beyond $50,000 leading up to the April halving. Peering into the
future, the creator of the S2F model, PlanB, anticipates that BTC
will surpass its previous highest value, potentially achieving a
price point of $100,000 within the year. This forecast further
gains credibility with the recent approval of spot Bitcoin ETFs in
the United States by the US Securities and Exchange Commission
(SEC). Related Reading: PlanB’s Triple Bitcoin Forecast: A
Pre-Halving Surge, Post-ETF Rally, And Monumental Peak Ahead
PlanB’s long-term vision for Bitcoin is even more audacious,
projecting a climb to $532,000 by 2025. This forecast is
underpinned by the analyst’s Stock-to-Flow (S2F) model. I expect
$55k bitcoin at halving, $100k in 2024, $532k in
2025:https://t.co/TSo7TpNfzb pic.twitter.com/mQaXM5Qabb — PlanB
(@100trillionUSD) January 10, 2024 The model suggests a future
where BTC transcends its current status to become a dominant
digital store of value, potentially reshaping the traditional
financial landscape. Featured image from Unsplash, Chart from
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