Well-known blogger and analyst PlanB announced the beginning of the FOMO period, which is consistent with his Stock-to-Flow model, thus marking the beginning of a bull market.

He noted that the accumulation period has come to an end, and there are no longer easy opportunities to acquire assets in slow-growing markets. According to him, a bull market has begun, which is accompanied by extreme price fluctuations for about 10 months, including multiple drops of 30%.

Bitfinex analysts have set a conservative target for bitcoin in the range of $100,000 to $120,000, which it should reach by the fourth quarter of 2024. However, according to experts, it is expected that the peak of the cycle will occur in 2025.

In early February, PlanB stated that after the upcoming halving, bitcoin will become even more scarce than gold and real estate, which, he assumes, will lead to a price of $500,000.

Earlier, the head of Galaxy Digital, Mike Novogratz, expressed his opinion about a possible correction of bitcoin before reaching a historical maximum, while noting the high level of leverage in the market.

Recall that the technical analyst and head of Factor LLC, Peter Brandt, increased his forecast for the price of bitcoin for 2025 from $ 120,000 to $200,000.