The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market has been “front-running,” Plan B remains confident that the top cryptocurrency will still hit $100,000 in 2024.
Plan B Predicts Bitcoin Still on Track to Hit $100K in 2024 Despite 'Early' Bull Market
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Bitcoin’s Early Bull Market: Plan B Still Envisions $100K in 2024, $500K in 2025
Many market watchers and analysts are still betting that bitcoin (BTC) will hit $100,000 per unit before the year ends, with S2F model creator Plan B among them. On Friday, Plan B shared with his 1.9 million followers on X, through his @100trillionusd handle, that the BTC bull market kicked off sooner than expected.
“The issue with current bitcoin market IMO: it went into bull market too early,” Plan B explained. “Normally, halvings (every 210,000 blocks) are in accumulation phase, but 2024 halving (block 840,000) is in bull market phase. So we have been front-running, but the market was not ready to go up yet.” Over 2,500 X accounts like the post and it was re-posted 320 times.
When asked if his prediction for an average price of $532,000 in October and November 2025 still held water, the S2F inventor didn’t waver. Plan B remains steadfast, confidently asserting that bitcoin’s price will surpass $500,000 in 2025. “Yes I still expect [greater than $100,000] in 2024 and [greater than $500,000] in 2025,” Plan B replied. Plan B added:
Note this [$500,000] is based on S2F and subject to a wide [$250,000-$1 million] prediction range, so I would also consider [$300,000] average as valid, or [$700,000], etc.
As bitcoin continues its journey post-fourth halving, Plan B’s predictions reflect the optimism and cyclical tendencies that define crypto markets. Even with the early arrival of bullish conditions, Plan B’s unwavering confidence in the stock-to-flow model suggests he still sees major price milestones ahead. As 2024 progresses, the crypto community watches these forecasts closely, anticipating what could be a groundbreaking shift in bitcoin’s valuation.
What do you think about Plan B’s confidence in his prediction? Share your thoughts and opinions about this subject in the comments section below.
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