Plan B analyst predicts bitcoin’s growth to $ 200,000 in 2025

Bitcoin began May with a significant sell-off after losing critical support at $ 60,000 and falling to $ 56,000, leading many market participants to expect further negativity.

In light of these developments, crypto analyst Plan B shared his thoughts on the prospects for bitcoin’s price in a YouTube video published on May 1. The expert emphasized the historical accuracy of the stock-flow model in predicting the price of BTC $75,420.55 Mezo Wrapped BTC -1.72% Market capitalization $0.1 billion VOL. 24 hours $0.69 billion .

Despite some fluctuations, Plan B has updated the model’s parameters, maintaining an average target price of about $ 500,000 between 2024 and 2028. He emphasized the importance of the halving event in increasing the value of the model, predicting a gradual rise in the price of bitcoin over the coming months.

Looking ahead to the second half of 2024, the expert expressed confidence that bitcoin will reach $ 100,000. The expert also expects the market to peak in 2025, when the price of bitcoin will potentially exceed $ 200,000.