Bullish Outlook
Quant analyst PlanB believes Bitcoin (BTC) has the potential to surge over 400% in this market cycle. He suggests that a peak of $200,000 would be disappointing.
PlanB’s stock-to-flow model, which compares the supply of a commodity to its annual production, indicates that BTC could rally by over 660% before the cycle ends.
Target Price
PlanB predicts a peak of $600,000 to $1 million in 2025, significantly higher than the average $500,000.
Volatility Ahead
PlanB cautions that Bitcoin’s ascent will likely be accompanied by corrections. He expects several dips of 20-30% along the way.
Investment Strategy
PlanB advises investors to hold their positions for the next 12 months and reassess when the market shifts from a bull market to a distribution phase.
Current Market
At the time of writing, Bitcoin is trading at $65,554, down over 5% in the past day.
