Quantitative crypto analyst PlanB, Bitcoin $97,678.3Expects (BTC) to reach several new all-time highs (ATE) in the coming months. In his new video update to his 200,000 subscribers on YouTube, PlanB stated that 2025 will bring significant increases for Bitcoin.
PlanB’s Predictions
The analyst stated that based on historical data, there is a high probability of new peaks being formed in Bitcoin’s price. Stating that new high levels were constantly reached, especially in previous peak periods, PlanB expects this trend to continue.
PlanB has an average price target of $500,000 for the next four years under Bitcoin’s stock-to-flow model. However, he stated that this target may not be fully realized and the price may vary between $250,000 and $1,000,000.
“The stock-to-flow model looks forward over time and we expect an average price target of approximately $500,000 over the 2024-2028 period. But a one standard deviation band provides a wide range between $1 million and $250,000.”
Current Status of Bitcoin
Currently, Bitcoin is trading at $98,445 at the time of writing and is up 1.6% on a daily basis. This increase confirms analysts’ expectations.
Looking at Bitcoin’s past performance, PlanB highlighted the possibility of each new all-time high following the previous one. He stated that this trend was observed in 2020, 2021, 2017 and 2013.
In this context, PlanB added that Bitcoin is expected to reach many new peaks in 2025 and investors should be careful in this process.
PlanB also stated that fluctuations in the crypto market will continue, but the general trend will be upward. Investors are recommended to review their strategies in the light of these predictions.
These predictions about the future of Bitcoin had a wide impact among the crypto community and investors. PlanB’s analyzes are considered an important reference point for those who follow market movements.
Bitcoin’s price movements will continue to be affected by factors such as global economic conditions and crypto regulations. Therefore, careful analysis is recommended for long-term investments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
