Bitcoin

April

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 Bitcoin is in its "pre-bull market" phase and the days of BTC price trading at current levels are numbered, the Stock-to-Flow creator says.
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<div class="cointelegraph">
 <p>Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names.</p>
 <p>In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> models, hinted that current levels would not be around long.</p>
 <h2 id="planb-time-is-ticking-on-40-000-resistance">PlanB: Time is ticking on $40,000 resistance</h2>
 <p>Bitcoin 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.</p>
 <p>Known for his optimistic takes on long-term BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> growth, PlanB this time used realized <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> data to support the case for bulls.</p>
 <p>Realized <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> is Bitcoin’s realized cap — the sum total <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at which all BTC last moved — divided by the current supply. It is currently at just below $21,000.</p>
 <p>Bitcoin bear market bottoms are characterized by spot price dipping below realized price, while bull markets have begun once spot crosses the two-year and five-month realized price levels. These refer to the realized price of coins which last moved within either the last two years or five months — “younger” coins.</p>
 <p>BTC/USD is now once again above all three realized price iterations.</p>
 <p>“Enjoy sub-$40k bitcoin ... while it lasts,” PlanB thus commented on an accompanying chart.</p>
 <figure><img src="https://cdn.thebittimes.com/images/2023/11/24/2746faaa1d51f8c310796333b95bbab4.webp">
  <figcaption style="text-align: center;"><em>Bitcoin realized price chart. Source: PlanB/X</em>
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 <p>Asked 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.</p>
 <h2 id="bitcoin-hodlers-bet-on-six-figures">Bitcoin hodlers bet on six figures</h2>
 <p>While 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.</p>
 <p><strong><em>Related: Bitcoin to $1M post-ETF approval? BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> predictions diverge wildly</em></strong></p>
 <p>As Cointelegraph reported, these are coalescing around an area with $130,000 as its focus for the end of 2025.</p>
 <p>The halving itself, meanwhile, due in April 2024, should produce a return to around $46,000, further <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> says.</p>
 <p>Earlier this month, PlanB described Bitcoin as being in a “pre-bull market” phase, with the real launch yet to come.</p>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">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).<br><br>Note I changed colors and stage names again, to better align with S2F model:<br>pre-bull<br>bull market<br>pre-bear<br>bear market pic.twitter.com/tmayjteVWv</p>— PlanB (@100trillionUSD) November 19, 2023
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 <p class="post-content__disclaimer">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.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/enjoy-sub-40k-bitcoin-planb-stresses-100k-average-btc-price-from-2024-tbt71521.html">https://thebittimes.com/enjoy-sub-40k-bitcoin-planb-stresses-100k-average-btc-price-from-2024-tbt71521.html</a></p>

'Enjoy sub-$40K Bitcoin' — PlanB stresses $100K average BTC price from 2024

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