Bitcoin (BTC) buyers should enjoy the chance to add to their stack below $40,000, says one of the crypto industry’s household names.In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the stock-to-flow family of BTC price models, hinted that current levels would not be around long.PlanB: Time is ticking on $40,000 resistanceBitcoin is destined to go much higher than its recent 18-month highs, PlanB believes, and time is ticking to increase BTC exposure below $40,000.Known for his optimistic takes on long-term BTC price growth, PlanB used realized price data to support the case for bulls.Realized price is Bitcoin’s realized cap — the sum total price at which all BTC last moved — divided by the current supply. It is currently at just below $21,000.Bitcoin bear market bottoms are characterized by the spot price dipping below the realized price, while bull markets begin once the spot crosses the two-year and five-month realized price levels. These refer to the realized price of coins that last moved within the last two years or the last five months — “younger” coins.BTC/USD is now once again above all three realized price iterations.“Enjoy sub-$40k bitcoin … while it lasts,” PlanB commented on an accompanying chart.Bitcoin realized price chart. Source: PlanB/XAsked whether the market should expect lower levels from here, PlanB would not be drawn, saying that he simply expected an average BTC price of at least $100,000 between 2024 and 2028 — Bitcoin’s next halving cycle.Bitcoin hodlers bet on six figuresWhile PlanB has fielded criticism over stock-to-flow — and conceded that Bitcoin was not able to live up to his expectations during its 2021 bull market — six-figure predictions for the next cycle are increasingly common.Related: Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildlyAs Cointelegraph reported, these are coalescing around an area with $130,000 as its focus for the end of 2025.The halving itself, meanwhile, due in April 2024, should produce a return to around $46,000, further analysis says.Earlier this month, PlanB described Bitcoin as being in a “pre-bull market” phase, with the real launch yet to come.IMO bitcoin is currently in pre-bull market (yellow) and on track towards a full blown bull market (red, after halving unless earlier ETF approval).Note I changed colors and stage names again, to better align with S2F model:pre-bullbull marketpre-bearbear market pic.twitter.com/tmayjteVWv— PlanB (@100trillionUSD) November 19, 2023
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
