“Enjoy Sub-$40,000 Bitcoin, While It Lasts,” Analyst Says

“Enjoy Sub-$40,000 Bitcoin, While It Lasts,” Analyst Says

Key Insights

  • Bitcoin has been trading in a tight range around $38,000 for the past month.
  • Analysts believe that Bitcoin could break out of this range and reach $40,000 soon.
  • PlanB, the creator of the Bitcoin stock-to-flow model, believes that BTC could reach $100,000 between 2024 and 2028.
  • PlanB believes that Bitcoin is currently in a "pre-bull market" phase and that investors should enjoy the opportunity to buy BTC below $40,000.
  • Bitcoin is expected to remain in the $32,000 to $64,000 range until the April 2024 halving.

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'".

$40k Is Temporary, Expect $100k Bitcoin

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"

Bitcoin's stock-to-flow model | Source: <a href='https://twitter.com/100trillionUSD/status/1728011270970863892' target='_blank' rel='noreferrer noopener'><u>PlanB</u></a>
Bitcoin's stock-to-flow model | Source: PlanB

PlanB stated in another tweet, that BTC appears to be in in its "pre-bull market" phase.

Bitcoin is in a
Bitcoin is in a

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.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

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