Plan B points out that, given that Bitcoin’s price has doubled every year since 2023, he does not foresee a bear market emerging soon, which breaks the 4-year cycle of this indicator and brings new maturity to the market surrounding the asset.
Plan B summons Bitcoin critics, saying that the bear market is not on the horizon
Plan B, the pseudonymous Bitcoin analyst famous for his Stock-to-Flow (S2F) price prediction model, has challenged predictions of an imminent bear market. He stated that according to his analysis, the data does not support the existence of such a market, as Bitcoin has increased in value every year since 2023.
Plan B pointed out that Bitcoin’s price has at least doubled each year since 2023, from $20K in 2023 to $40K, and from $40K in 2024 to $40K. In this regard, he commented that, with the introduction of more institutional holders bringing greater stability, this trend may continue in the future.
He explained:
“If this stable upward trend continues, what about $80K to $160K in 2025, $320K in 2026, and $640K in 2027? Yes, such a situation would mark the end of the 4-year cycle, sooner than I expected, but it fits a more mature market.”
End of growjs zone placement
Bitwise’s CIO, Matt Hougan, has previously mentioned this possibility, referring to the new stability provided by value buyers, which would lead to less volatility and fewer sharp corrections in the Bitcoin market.
Read more: Bitwise CIO: “Value” buyers set to reduce Bitcoin’s violent pullbacks
Plan B rejected the notion that this new market maturity would affect the validity of his trademark S2F price model, pointing out that such behavior falls within its potential range. “(80k+160k+320k+640k)/4 = average 300K. This is (only) within the 250k-1m S2F range. Furthermore, this is higher than most other models.”
In February, the Plan B movement towards a Bitcoin ETF stirred up controversy in the Bitcoin community, which rejected using these tools as a substitute for on-chain Bitcoin. He summarized at the time, “No need to trouble me for reassurance. I think I am no longer part of it.”
Read more: ‘No longer super long:’ Plan B pivots on Bitcoin ETF
