{"id":14204,"date":"2023-11-25T06:02:58","date_gmt":"2023-11-25T06:02:58","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=14204"},"modified":"2023-11-25T06:02:59","modified_gmt":"2023-11-25T06:02:59","slug":"enjoy-sub-40k-bitcoin-planb-stresses-100k-average-btc-price-from-2024","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14204","title":{"rendered":"\u2018Enjoy sub-$40K Bitcoin\u2019\u00a0\u2014 PlanB stresses $100K average BTC price from 2024"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) buyers should enjoy the chance to add to their stack below $40,000, says one of the crypto industry\u2019s household names.<\/p>\n<p>In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the stock-to-flow family of BTC price models, hinted that current levels would not be around long.<\/p>\n<h2>PlanB: Time is ticking on $40,000 resistance<\/h2>\n<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>\n<p>Known for his optimistic takes on long-term BTC price growth, PlanB used realized price data to support the case for bulls.<\/p>\n<p>Realized price is Bitcoin\u2019s realized cap \u2014 the sum total price at which all BTC last moved \u2014 divided by the current supply. It is currently at just below $21,000.<\/p>\n<p>Bitcoin bear market bottoms are characterized by the spot price dipping below the realized price, while bull markets begin once the spot crosses the two-year and five-month realized price levels. These refer to the realized price of coins that last moved within the last two years or the last five months \u2014 \u201cyounger\u201d coins.<\/p>\n<p>BTC\/USD is now once again above all three realized price iterations.<\/p>\n<p>\u201cEnjoy sub-$40k bitcoin &#8230; while it lasts,\u201d PlanB commented on an accompanying chart.<\/p>\n<p><em>Bitcoin realized price chart. Source: PlanB\/X<\/em><\/p>\n<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 \u2014 Bitcoin\u2019s next halving cycle.<\/p>\n<h2>Bitcoin hodlers bet on six figures<\/h2>\n<p>While PlanB has fielded criticism over stock-to-flow \u2014 and conceded that Bitcoin was not able to live up to his expectations during its 2021 bull market \u2014 six-figure predictions for the next cycle are increasingly common.<\/p>\n<p><strong><em>Related: Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildly<\/em><\/strong><\/p>\n<p>As Cointelegraph reported, these are coalescing around an area with $130,000 as its focus for the end of 2025.<\/p>\n<p>The halving itself, meanwhile, due in April 2024, should produce a return to around $46,000, further analysis says.<\/p>\n<p>Earlier this month, PlanB described Bitcoin as being in a \u201cpre-bull market\u201d phase, with the real launch yet to come.<\/p>\n<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).<\/p>\n<p>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>\n<p>\u2014 PlanB (@100trillionUSD) November 19, 2023<\/p>\n<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.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/enjoy-sub-40k-bitcoin-plan-b-100k-average-btc-price-2024\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) buyers should enjoy the chance to add to their stack below $40,000, says one of the crypto industry\u2019s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the stock-to-flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is ticking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-14204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14204"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14204\/revisions"}],"predecessor-version":[{"id":14206,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14204\/revisions\/14206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14205"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}