Analyst Planb, one of the names known in crypto money markets,, Bitcoin in his latest assessment $105,309.73He claimed that the current price levels remained quite low in the four -year cycle. Bitcoin has recently been traded close to the highest levels of all time, but it was stuck in a tape below this summit. Plant claimed that Bitcoin’s current price was “very valuable”.
EVALUATION WITH STOCK-BY MODEL
The stock-stream model, which the analyst highlighted, is based on the assumption that the scarcity of an commodity has a direct impact on the price. According to this model, PLANB said that the average value of Bitcoin should be $ 500,000 in the current cycle and stressed that the current price is well behind this value.
Plant, with reference to the famine factor based on the model, thinks that Bitcoin’s four -year cycle has been in the first year, and that significant value increases can be seen in the next three years.
“The price of Bitcoin is at the level of 104,000 dollars and this is quite behind the value of $ 500,000 in terms of basic and famine compared to the stock-flow model. – PLANB
Is the bull market at an early stage?
Plant, Bitcoin Stock Exchange Investment Funds (ETF) in the near future after the commissioning of a temporary increase, then the prices of the past bull markets returned to the beginning levels, he said. According to the analyst, this indicates that it was at the top of the rise periods.
Bitcoin’s price is currently around 104,300 dollars. Plant said that the market recently entered a new “bull market” phase and witnessed that similar movements were the beginning of the rise in the past.
“After the Spot Bitcoin ETF approvals in January 2024, there was a temporary rise in the bull market area. Now the price has returned to the point where all the past bull markets began. This is a very positive signal for me.” – PLANB
Price forecasts and market expectations
According to the analyst, the ongoing cycle is suggested that the price of Bitcoin can target a level between 250,000 and $ 1 million on average. PLANB shares the idea that Bitcoin may have the potential to increase by 860 percent in the current cycle.
“Bitcoin is currently in a bull market and in this cycle, the average price is aimed at the range of $ 250,000 to $ 1 million.” – PLANB
PLANB’s statements can be considered as an optimistic prediction by some investors, while no guarantee is offered for a definite price target. Investors are recommended to support these evaluations through their own analysis.
Although it is a commonly used analysis method in the crypto currency community, the stock-flow model is known as an approach that is criticized as well as compatible with past data. Price movements are shaped by not only with famine variables, but also with many macroeconomic and sectoral factors.
Bitcoin’s forecasts for future price movements are based on a broad perspective, and it will be clear whether the analyst’s targets will be realized. Closely monitoring market conditions for investors and taking into account different analyzes may contribute to making healthier decisions in hesitant environments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
