16 hour ago
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BEARISH 📉 : PlanB outlines four potential scenarios for Bitcoin bear market
PlanB, known for the stock-to-flow model, discusses potential bear market paths for Bitcoin. He suggests four scenarios:
- An 80% drop from ATH of $126,000 to approximately $25,000.
- A bottom around the 200-week moving average and realized price, estimated at $50,000–$60,000.
- A retracement just above the previous cycle's ATH, approximately $69,000–$70,000.
- The possibility that the recent low of $72,900 was the bottom, though this was invalidated by a further drop to $70,140.
PlanB revisits his stock-to-flow framework, asserting it indicates a long-term value of $500,000 based on scarcity but is not meant to predict market tops or bottoms. He notes the historical trend of peaks occurring soon after halvings didn't happen post-2024 halving, suggesting possible upside later in the cycle while monitoring key price levels.
