Quant Analyst Planb leans Bullish on Bitcoin (BTC) while the flagship Crypto Asset acts in a range below the end of last month.
In a new strategy session, Planb tells His 213,000 YouTube subscribers that Bitcoin is far away from reaching the peak of the current four-year cycle based on the Shares-to-Flow model.
The stock-to-flow model is a predictive tool that assumes the scarcity of a raw material drives the price.
“Bitcoin -price [is] For $ 104,000, which is still far away from the to-flow value of $ 500,000 based on Fundamentals, scarcity Fundamentals. That is what I expect that the average about this four -year cycle will be. So we are still far away from that. But we are also only in the cycle for a year, we still have three years to go and so I think Bitcoin is very undervalued. “
According to Plan B, Bitcoin is at the “very start of a bull market” based on a historical precedent.
“After January 2024 we made a Neplus in the territory of the Stiermarkt [spot Bitcoin exchange-traded funds] ETF introductions. And we are now back at where all bull markets have started in the past. So it’s a whole bullish signal if you ask me. “
The Quant analyst says Bitcoin can shoot up by around 860% in the course of the current cycle.
‘[Bitcoin] Currently in a bullmarkt, aimed at … let’s say that $ 250,000 to $ 1 million reach for the average price in this cycle. “
Bitcoin acts at $ 104,300 at the time of writing.
https://www.youtube.com/watch?v=ojkz_I1XTK4
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