Crypto analyst PlanB, Bitcoin He shared his prediction that the price could gain more than 4 times in the current market cycle.
PlanB, who is famous for his on-chain analysis, stated that it would be a disappointment if the Bitcoin price ends the current bull market with a price peak of $ 200,000.
PlanB noted that the stock-to-flow model, which compares the amount of a commodity in circulation divided by the amount produced each year, could see Bitcoin rise over 660% from current prices before the market cycle ends.
“So the next peak will not be this year, in 2024, but next year, in 2025. The general expectation at this peak is $200,000. You can see the details in my Bitcoin chart that even this prediction is low.
In fact, from a stock-to-flow perspective, we need a much higher peak than the $500,000 average. Let’s say $600,000 to $700,000 is possible. Maybe even $1,000,000 is a possibility. So the peak will be higher than $500,000 in 2025.”
As we reported as Koinfinans.com, PlanB also underlined that Bitcoin’s rise will likely have ups and downs along the way. He says he expects BTC to witness several corrections in the coming months on its way to reaching its price target.
“There will also be volatility. This is really important. There will be no straight ups and downs. There will be multiple negative 20% or 30% declines. This is very normal… Personally, and this is of course not financial advice… Let’s say I will do nothing for the next 12 months. “I will re-evaluate when the Bitcoin market phase changes from bull market to distribution.”
