Legendary on-chain analyst PlanB says Bitcoin (BTC) will experience a serious bear market, despite other experts claiming otherwise. Let’s take a look at the latest analysis of the master analyst who targets $100,000 in Bitcoin.
PlanB scared with 80% Bitcoin crash!
PlanB shared several signals on his business and investment YouTube channel FamilyOffice saying that Bitcoin will eventually go deep into bear territory. The on-chain analyst begins his analysis of predicting an 80% collapse with:
First off, I’m one of the few who think the next bear market will be a crash as we’ve seen before. Right now many people are saying that the four year cycle is over and we will no longer have this kind of volatility and this kind of deep bear markets.
PlanB compares the current crash to China’s Bitcoin bans:
I think we will experience similar bear markets in the past. You can see it in option prices. It is priced with 100% volatility. We had a 50% or more drop a few months ago when China banned Bitcoin mining. So we repeat almost the same. We have now had a 50% collapse. That tells me the 80% fix question is on the table when something really big happens
- PlanB says the next crash will occur after Bitcoin hits the price targets of stock-to-flow (S2F) and stock-to-flow cross-asset (S2FX) models. The stock to flow model predicts the price of a crypto by dividing the already existing supply annually by the new supply entering the market.
However, the analyst confirms the BTC price above 100 thousand dollars
cryptocoin.com PlanB, which we share the analysis of, is one of the most popular analysts who predicts that Bitcoin will reach 6-digit prices based on the S2F model. The mysterious analyst behind the @100trillionUSD Twitter account expects an 80% collapse but thinks it will be after $100,000:
I think we’ll have to step up a bit to at least make the $100,000 and $288,000 S2F model values. But after that we’ll go down 80% again… I guess that’s part of the greed and fear of investors. People will not change.
PlanB concludes its analysis with investor sentiment:
It will be FOMO. For example, if we hit the $100,000 level a few months from now… people will FOMO and rise. After that, something terrible happens: another ban, another Chinese ban, or an Indian ban, or something. Everyone gets scared again and the fear begins. So I guess this fear and greed will never go away in Bitcoin.
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