'Enjoy sub-$40K Bitcoin' — PlanB stresses $100K average BTC price from 2024
Bitcoin is in its "pre-bull market" phase and the days of BTC price trading at current levels are numbered, the Stock-to-Flow creator says. Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s 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 on $40,000 resistance 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. Known for his optimistic takes on long-term BTC price growth, PlanB this time used realized price data to support the case for bulls. Realized price is Bitcoin’s realized cap — the sum total price at which all BTC last moved — divided by the current supply. It is currently at just below $21,000. Bitcoin bear market bottoms are characterized by spot price dipping bel...