Lots of analysts are debating whether Bitcoin has peaked and is heading into a bear market. But popular analyst PlanB is saying “hold your horses!” He thinks we’re not even close to a bear market, and Bitcoin’s price could double again by 2025.
PlanB Rejects Bear Market Claims
PlanB, known for his stock-to-flow model and Bitcoin predictions, recently took to X (formerly Twitter) to explain his optimistic outlook. He’s looking at Bitcoin’s 200-week moving averages (both arithmetic and geometric). These are long-term indicators that help distinguish bull and bear markets. He says these averages have been close together for over a year, suggesting a steady uptrend rather than a downturn. A real bear market, he argues, usually follows a strong bull run where these averages diverge significantly. That hasn’t happened yet, so he doesn’t think we’re in a bear market.
Bitcoin’s Price Doubling Trend
PlanB points to Bitcoin’s price performance over the past couple of years: roughly doubling each year. It went from around $20,000 in 2022 to about $40,000 in 2023, and then hit the $80,000 range earlier this year. If this pattern continues, he predicts Bitcoin could reach $160,000 by the end of 2025.
This could mean the end of the traditional four-year Bitcoin cycle theory, but PlanB suggests it makes sense for a maturing asset like Bitcoin, which is increasingly adopted by institutional investors. Following this doubling trend, he even suggests potential prices of $320,000 in 2026 and $640,000 in 2027!
Short-Term Focus: Breaking Resistance
While these long-term predictions are super bullish, the immediate focus is on breaking through the current resistance level of $80,000-$90,000. At the time of writing, Bitcoin is trading around $84,000, having recently bounced off $86,500. Bulls will be watching closely to see if it can break through.
