Quant Analyst PlanB Unveils Massive Bitcoin Price Target, Says $200,000 BTC ‘Very Underwhelming’
So the next top will not be in this year, 2024, but in next year, 2025. That top – some people talk about $200,000 as the next top. You can see on this chart [below] that that would be very underwhelming.
Closely followed quant analyst PlanB believes that Bitcoin (BTC) can print more than 4X gains this market cycle.
In a new strategy session, the on-chain analyst tells his 140,000 YouTube subscribers that it would be a letdown if Bitcoin ended the current bull market with a $200,000 price peak.
PlanB says his stock-to-flow model, which compares the amount of a commodity in circulation divided by the amount produced every year, suggests that BTC will see an over 660% rally from current prices before the market cycle ends.
"So the next top will not be in this year, 2024, but in next year, 2025. That top – some people talk about $200,000 as the next top. You can see on this chart [below] that that would be very underwhelming."
