{"id":276569,"date":"2024-04-03T12:56:59","date_gmt":"2024-04-03T07:26:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=276569"},"modified":"2024-04-03T12:56:59","modified_gmt":"2024-04-03T07:26:59","slug":"quant-analyst-planb-unveils-massive-bitcoin-price-target-says-200000-btc-very-underwhelming-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/quant-analyst-planb-unveils-massive-bitcoin-price-target-says-200000-btc-very-underwhelming-crypto-news\/","title":{"rendered":"Quant Analyst PlanB Unveils Massive Bitcoin Price Target, Says $200,000 BTC \u2018Very Underwhelming\u2019 – Crypto News"},"content":{"rendered":"

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Closely followed quant analyst PlanB believes that Bitcoin (BTC<\/a>) can print more than 4X gains this market cycle.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\u201cSo the next top will not be in this year, 2024, but in next year, 2025. That top \u2013 some people talk about $200,000 as the next top. You can see on this chart [below] that that would be very underwhelming.<\/em><\/p>\n

In fact, from a stock-to-flow perspective, we need a top that\u2019s much higher than the average $500,000. So let\u2019s say $600,000 [or] $700,000 maybe or a $1,000,000\u2026 So the top will be higher than $500,000 in 2025.\u201d\u00a0<\/em><\/p>\n

Source: PlanB\/YouTube<\/figcaption><\/figure>\n

But PlanB warns that Bitcoin\u2019s ascent will likely have bumps along the way. He says he expects Bitcoin to witness several corrections in the coming months en route to hitting his price target.<\/p>\n

\u201cThere will be volatility, too. That\u2019s very important. It won\u2019t be straight up and no dips. There will be multiple minus 20% or 30% dips. That\u2019s very normal\u2026 Personally, and this is not financial advice of course\u2026 I will do nothing let\u2019s say for the next 12 months.\u00a0<\/em><\/p>\n

And I will re-assess when the market phase switches from bull market to distribution.\u201d\u00a0<\/em><\/p>\n

At time of writing, Bitcoin is worth $65,554, down over 5% in the past day.<\/p>\n