Crypto expert PlanB believes Bitcoin is at the early stages of its four-year market cycle and predicts substantial price growth.
Beginning of a New Bull Market
PlanB believes Bitcoin is just starting a new bull market, pointing to historical patterns and the January 2024 launch of U.S. spot Bitcoin ETFs as key markers. He described the recent price spike after the ETF introductions as a 'fake loop' that reset Bitcoin’s trajectory to resemble previous bull market starting points.
Potential Price Targets
The stock-to-flow model remains central to PlanB’s analysis. He estimates Bitcoin’s average price during the current cycle could range from $250,000 to $1,000,000, representing a potential upside of up to 860% from current levels.
Overall Outlook
With three years remaining in the cycle, PlanB’s outlook paints a picture of long-term strength, even as short-term price action remains volatile and range-bound.
PlanB's predictions highlight the potential growth opportunities for Bitcoin within the current market cycle, which may attract attention from investors and analysts.
