In PlanB’s latest Bitcoin analysis, he predicts through the S2F model that Bitcoin will inevitably reach the $100,000 mark within this year and may surpass $500,000 next year. Additionally, PlanB emphasizes that we are currently in the early stages of a bull market and expects this bull market to last for about a year, similar to previous cycles.
In his video, PlanB, an anonymous analyst who has successfully predicted Bitcoin prices in the previous bull market cycle, predicts the price trend of Bitcoin for this year and next year under the halving market conditions. He first explains the Stock-to-Flow (S2F) model, stating that Bitcoin closed at $71,000 in March, which is a significant increase of $10,000 compared to the previous month and marks the third price peak of Bitcoin since 2021 (April 2021, November 2021, and March 2024). He points out that Bitcoin’s price always tends to reach the level predicted by the S2F model near the halving event (indicated by the deep blue dots in the graph). He firmly states:
As for the price peak prediction for 2025, PlanB expects that the average price of Bitcoin will reach $500,000 next year based on the S2F model, so he believes that the peak price will exceed this average level, possibly reaching $600,000, $700,000, or even $1 million.
Next, PlanB analyzes the market cycle and believes that we are currently in the early stages of a bull market (indicated by the red dots, only up to the second dot) and expects this stage to last for about a year, similar to the bull markets in 2013 and 2017.
He reminds that although the market will rise, there will be normal corrections of 20% to 30% along the way. He reveals that he will not make any further actions for the next 12 months (speculated to be in a fully invested state) until the market transitions from the bull market stage (red dot) to the distribution stage (yellow dot).
PlanB observes that the RSI (Relative Strength Index) is at a level of 77, which is the highest level reached before the halving. Therefore, he believes that this is a signal that the market will not experience diminishing returns. He predicts that Bitcoin will demonstrate exponential growth in the next one or two months, which will align with the predictions of the S2F model.
Note: RSI (Relative Strength Index) is an indicator used to measure the momentum of price changes and determine the overbought or oversold condition of an asset.
Related Reports:
– PlanB: Bitcoin’s accumulation phase ends, “starting a 10-month violent bull market” with multiple 30% drops
– PlanB anticipates the arrival of a “violent bull market” for Bitcoin: displays RSI indicator, indicating decreasing risks
– PlanB predicts again: Bitcoin’s next halving could push the price up to $500,000, S2F model has not failed