Bitcoin is currently in its “pre-bull market” phase, according to PlanB, the creator of the stock-to-flow family of BTC price models. He believes that the days of Bitcoin trading at current levels are numbered and that buyers should take advantage of the opportunity to add to their stack below $40,000. PlanB used realized price data to support his bullish outlook, stating that Bitcoin is destined to go much higher than its recent 18-month highs. He expects an average BTC price of at least $100,000 between 2024 and 2028. While PlanB has faced criticism over his stock-to-flow model, predictions of Bitcoin reaching six figures in the next cycle are becoming more common. The next halving, scheduled for April 2024, is expected to produce a return to around $46,000. However, readers should conduct their own research and exercise caution when making investment decisions.
