Well-known crypto analyst PlanB, known for the stock-to-flow model, once again shares an optimistic view for Bitcoin. In a recent conversation with trader Scott Melker, he suggested that Bitcoin could rise to $150,000 this month – an increase of more than 53% from the current price of $97,677.
History repeats itself
“It’s almost scary how history seems to repeat itself,” notes PlanB. He sees a clear pattern: three years of a boring bear market, followed by one year of FOMO and what he calls “face-melting” bull action. This pattern has repeated itself in all previous cycles.
Several highlights ahead
According to PlanB, it is not the case that we will see one new all-time high followed by a bear market. Instead, he expects a series of new highs, possibly over a period of six to 12 months. According to him, this clustering of all-time highs is characteristic of a real bull market.
Outlook for 2025
The analyst suggests that this bull market could continue until at least June next year. This prediction is based on historical patterns that show that Bitcoin’s returns are not normally distributed, but concentrate in intense periods of increases.
Although Bitcoin is currently showing a small dip of 2%, sentiment among analysts like PlanB remains extremely positive. With the current price around $97,677, it seems like only a matter of time before we see new all-time highs.
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