2 days ago
Quantitative crypto analyst PlanB says that Bitcoin ( BTC ) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013. A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.” According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million. “The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000… The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.” The stock-to-flow model compares the supply of an asset or commodity with its flow of production. Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Bitcoin Trading BTC bull market Crypto News planb trading
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
ARBITRUM PRICE ANALYSIS & PREDICTION (January 6) – ARB Regains Lost Ground But Yet To Recovery Fully, Up 20% Weekly
As volume troops back in the market, ARB advanced bullish and posted gains to test the $0.9 level today. This level has halted buying activity in the past hour but it is expected to continue if the volume level increases. Last December’s drop took many by surprise as several altcoins including ARB broke down to a month low during the market-wide correction. Technically, that correction was healthy for the market to enable robust growth in the future, although it caused a serious panic in the market but the sellers short-lived their expectations as the price bounced back. While the sellers aim to resume pressure during the brief consolidation phase, the bulls took advantage of the bounce this week and pushed higher amid current rising demand. Fortunately, the wide but short correction halted and the price increased consistently. Looking at the latest setup, the bulls are back in action, although they are yet to recover all the lost grounds. A clear break above the previous monthly high should set the stage for a massive bullish move. Conversely, a rejection there could subject the price to a consolidation before breaking up. Now that ARB is starting the new year in a grand style, we can expect an explosive move when a break-up occurs. ARB’s Key Level To Watch Source: Tradingview Aside from the close $0.96 resistance, the key target level for the bulls right now is $1.1. If they overcome it, the $1.24 level would be the next resistance to watch with a potential breakout to $2 in the near term. A drop from the current trading level could trigger a small pullback to $0.74. Meanwhile, the latest move is supported by $0.7. Lower levels to watch for a breakdown are $0.613 and $0.57. Key Resistance Levels: $0.96, $1.1, $1.24 Key Support Levels: $0.705, $0.613, $0.57 Spot Price: $0.89 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! The Daily Hodl
Economic Indicators Could Shape Bitcoin’s Appeal in a Volatile Week Ahead
This week’s economic indicators hold the potential to significantly impact Bitcoin’s market dynamics and overall appeal. Several critical reports could shape market expectations and inform strategic investment decisions in the The Daily Hodl
ALTCOIN
BTC
-
Is it Time to Buy XRP? This Indicator Says Yes
1 saat önce -
Most Important XRP Level of 2025 Yet: Details
24 dakika önce
