BTC has had one heck of a dance under $38,000 for the past month. Analysts, everywhere seem to agree that the $40,000 zone may not be very far behind.
Almost every analyst, except PlanB, the creator of the stock-to-flow BTC price models
According to a recent tweet from the analyst, Investors should "enjoy BTC under $40,000 'while it lasts'".
Did we mention that the trader, PlanB, is the creator of the BTC stock-to-flow model (S2F)?
PlanB has been applying this model to BTC since 2019, and (appears) to be a very profitable trader.
According to a recent post on Twitter (X), the analyst has advised his 1.8 million followers to "enjoy sub-$40k BTC… While it lasts"
PlanB stated in another tweet, that BTC appears to be in in its "pre-bull market" phase.
In essence, the analyst is hinting that BTC buyers should enjoy the chance to add to their stack below $40,000. This is because according to the previous tweet, BTC is expected to gravitate towards the $100,000 zone between 2024 and 2028.
Under the original tweet, PlanB also mentioned that he expects BTC to stay "in the $32k-$64k range during the pre-bull market (until the halving)".
Overall, BTC's price action over the next few months before the April 2024 halving remains to be seen.
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