Bitcoin [BTC] Predicted to Hit $100,000 in 2025 by Plan B

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• Plan B, the creator of the stock-to-flow model, believes that the $15,500 region of November 2022 was the bottom of this cycle.
• He projected that the bull market could return to occur in the following year, predicting the coin price hits $32,000 after the 2024 halving and $100,000 in 2025.
• Several on-chain signals confirm the Short Term Holder (STH) signal, which is an indicator of Bitcoin’s bullish momentum.

On the 11th of January, Bitcoin [BTC] made an unexpected landmark when it hit $18,000. This was followed by an even more remarkable move the day after, when the number one cryptocurrency in market value hit an all-time high of $19,000 late in the evening. This caused a lot of speculation as to whether the coin’s uptrend would continue, and whether or not it was a sign of a bullish market return.

Plan B, the creator of the stock-to-flow model, provided his opinion on the matter. He believes that the $15,500 region of November 2022 was the bottom of this cycle, and that the five-month Short Term Holder (STH) count had already crossed into the having billed for 2024. This STH refers to the cohort of investors who have been holding BTC for less than 155 days, and is an indication of Bitcoin’s bullish momentum. Plan B further predicted that the coin price would hit $32,000 after the 2024 halving and $100,000 in 2025.

These predictions were backed up by several on-chain signals, which serve as evidence that Bitcoin’s uptrend is likely to continue. Moreover, the coin’s price is also correlated with the traditional markets, which could potentially hinder its growth. Nevertheless, the optimism surrounding Bitcoin [BTC] has been high since the start of the year and the coin is expected to remain on an uptrend for the foreseeable future.