Analysis

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

Jim Haastrup
By Jim Haastrup
3 Min Read
Bitcoin BTC price Voice of crypto

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.

Contents

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 
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 “pre-halving phase”
Bitcoin is in a “pre-halving 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.

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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Jim Haastrup is a blockchain and technical writer at Voice of Crypto, where he covers cryptocurrency, NFTs, DeFi, GameFi, and the Metaverse. Before joining Voice of Crypto in 2022, he spent over three years as a senior technical writer across multiple blockchain projects, including Hashtoken, Naxar, and Bino, where he specialized in whitepapers, technical documentation, and content strategy for decentralized finance applications. Jim began his career as a junior technical writer at RM in Canada before advancing to lead technical writing roles at Bulltoken, a cryptocurrency crowdfunding platform in Norway. Throughout his career, he has authored more than 800 articles and collaborated with development teams to translate complex blockchain protocols into accessible content for diverse audiences including developers, investors, and crypto enthusiasts. His work spans ICO/STO/IDO research and analysis, cryptocurrency market trend forecasting, and social media management for crypto brands. Jim has helped numerous startups build their online presence through strategic content marketing, technical whitepapers, and pitch deck development. Jim graduated from the Federal University of Agriculture, Abeokuta (FUNAAB), Nigeria with a Bachelor of Engineering in Electrical Engineering in 2021. Disclosure: No significant crypto holdings.

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