Popular Analyst PlanB Expects Bitcoin Price To Double In 2025 As Bear Market Is Not Here
In recent weeks, the cryptocurrency market has been abuzz with speculation about whether Bitcoin has already reached its peak for this cycle. With bearish sentiment starting to creep in among investors, many are wondering if the entire crypto industry is transitioning into a bear market. However, one prominent crypto analyst, PlanB, known for his stock-to-flow model and accurate BTC forecasts, has pushed back against these bearish predictions.
Taking to social media platform X, PlanB presented a compelling argument for why he believes Bitcoin is still in the midst of a sustainable uptrend. He pointed to Bitcoin’s 200-week arithmetic and geometric moving averages, which have been closely aligned for over a year. According to PlanB, a true bear market typically follows a sharp divergence between these two averages, which has not yet occurred in the current cycle. Therefore, he argues that Bitcoin has not entered a bear phase.
PlanB’s analysis also includes a prediction for Bitcoin’s price doubling by 2025. He highlighted the steady and predictable doubling of Bitcoin’s price over the past two years, from $20,000 in 2022 to $40,000 in 2023, and reaching the $80,000 range in early 2024. If this trend continues, PlanB forecasts that Bitcoin could reach $160,000 by the end of 2025.
This projection challenges the traditional four-year cycle theory that has guided Bitcoin’s market psychology since its inception. However, PlanB believes that this shift is more fitting for a maturing asset class like Bitcoin, which has gained traction in the institutional market in recent years. If the price-doubling trend persists, Bitcoin could potentially trade at $320,000 in 2026 and $640,000 in 2027.
While these long-term bullish targets are optimistic, the focus for now is on short-term price movements. Bitcoin is currently trading at $84,000, with resistance seen at $86,500. Breaking above the current price range between $80,000 and $90,000 will be a crucial step for bull traders in the near term.
Overall, PlanB’s analysis provides a fresh perspective on Bitcoin’s price trajectory and challenges prevailing bearish sentiments in the market. As investors continue to monitor Bitcoin’s performance, the debate over whether the cryptocurrency has reached its peak or is still on an upward trend remains ongoing.