Recent Bitcoin price analyses from analysts have been mostly centred on the notion of whether the leading cryptocurrency has already reached its peak this cycle. Bearish sentiment is already creeping in amongst investors, and the outlook is now whether BTC and your entire crypto industry have transitioned right into a bear market.

Interestingly, crypto analyst PlanB, widely followed for his stock-to-flow model and long-standing BTC forecasts, has pushed back against growing speculation that the market is transitioning right into a bearish phase. 

PlanB Dismisses Bear Market Calls, Says Bear Market Has Not Arrived

Taking to social media platform X, crypto analyst PlanB laid out a compelling argument for why he believes Bitcoin remains to be in the course of a sustainable uptrend, one that would see the worth doubling once more by 2025. His interesting argument comes alongside other recent outlooks from analysts, who are actually noting key bullish signals for Bitcoin.

PlanB’s latest evaluation is predicated on Bitcoin’s 200-week arithmetic and geometric moving averages, that are two long-term trend indicators analysts use to tell apart between bull and bear market phases. In response to him, these two averages have been close together for over a yr. The close movement of those moving averages goes against a downward trend but moderately a gentle uptrend with reduced volatility. 

He explained that an actual bear market normally comes after a real bull run, which is characterised by a pointy divergence between the 2 averages. Since that divergence has yet to occur in the present cycle, PlanB argues that the market has not experienced an actual bull phase, let alone entered a bear phase.

Looking Ahead: Bitcoin Price To Double In 2025

Expanding on this theme, PlanB pointed to Bitcoin’s performance over the past two years, noting a gentle and predictable doubling of the worth. Bitcoin rose from around $20,000 in 2022 to roughly $40,000 in 2023 and first moved to the $80,000 range in early 2024. If this pattern holds, the analyst predicted that Bitcoin could reach $160,000 by the tip of 2025. 

PlanB acknowledged that this trajectory if it continues, may very well be the tip to the standard four-year cycle theory that has predicted Bitcoin’s market psychology since its launch. Nonetheless, such a change can be more fitting for a maturing asset class like BTC, which has pierced into the institutional market up to now yr.

If PlanB’s projection of a price-doubling trend holds, BTC may very well be on course for not only $160,000 in 2025. In response to the analyst’s prediction, the speed of uptrend implies that Bitcoin has the prospect to trade at $320,000 in 2026 and $640,000 sometime in 2027. 

These long-term bullish targets are very optimistic, but the present focus is on short-term price movement where there’s a lot work for bull traders to do. Step one is to interrupt above the current price range between $80,000 and $90,000. On the time of writing, Bitcoin is trading at $84,000, having rejected again at $86,500.

Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and every page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.