– Bitcoin is currently in its “pre-bull market” phase, according to PlanB, the creator of the stock-to-flow family of BTC price models.
– PlanB believes that the days of BTC price trading at current levels are numbered and that Bitcoin is destined to go much higher than its recent 18-month highs.
– PlanB suggests that now is the time for Bitcoin buyers to add to their stack below $40,000.
– Realized price data supports the case for bullishness, with Bitcoin’s realized cap currently just below $21,000.
– PlanB expects an average BTC price of at least $100,000 between 2024 and 2028, during Bitcoin’s next halving cycle.
– While PlanB has faced criticism over his stock-to-flow model, predictions of six-figure Bitcoin prices for the next cycle are becoming more common.
– The next halving, scheduled for April 2024, is expected to produce a return to around $46,000.
– PlanB describes Bitcoin as being in a “pre-bull market” phase, with the real launch yet to come.
