Of bitcoin rate has been on a nice revival since the start of the new year. On the first day of 2023, the price was still around $16,500, but at the time of writing, the price is at $20,500. In the last few days things have moved very fast since bitcoin (BTC) rose from just above $17,000 to a peak of $21,000.
The person behind the world famous stock-to-flow (S2F) model, Dutch analyst PlanB, has kept his word by releasing a prediction about bitcoin’s coming years. Earlier, PlanB asked on Twitter whether he should make a prediction for 2023 – 2025, after he indicated happy with his previous prediction from the previous bull market.
My 2 sats on #bitcoin price:
– November 2022 low of $15,5K was the bottom
– BTC has crossed Short Term Holder (STH) and will rise into 2024-halving and subsequent 2025 bull market. Several on-chain signals confirm STH signal.
– 2024 halving will be >$32K
– 2025 bull market >$100K pic.twitter.com/0QtbeOXwsG— PlanB (@100trillionUSD) January 12, 2023
Has Bitcoin reached its bottom yet?
First of all, PlanB is confident that bitcoin has already found its bottom. This would mean that the BTC price will no longer make a new low, which is currently around $15,500. This price was reached in November after crypto exchange FTX had fallen over.
Furthermore, the Dutch analyst predicts that bitcoin will rise in the run-up to the next one halving, which is expected sometime around March/April 2024. To be precise: he expects a price of at least $32,000 when the block reward will halve from 6.25 to 3.125 BTC.
On January 13, PlanB followers were given the opportunity to vote on a number of polls. This showed that the distribution, which related to the question of whether the bottom had already been reached, was almost evenly distributed. On the other hand, a vast majority (75.6%) share the same belief as PlanB that BTC will be worth at least $32,000 during the halving.
BTC > $100.000
Finally, PlanB expects a price above $100,000 in the year 2025. As a reaction however, on one of his 1.8 million followers, he indicated that the bull market range is between $100,000 and $1 million. He added that many people won’t understand this broad range, so he’s reduced it to a “comfortable” $100,000.
79.7% of his followers agree with PlanB that bitcoin will reach at least $100,000 by 2025.
