- Quant analyst PlanB suggests that Bitcoin is approaching a phase historically associated with significant rallies.
- Another expert outlines a maximum price target for Bitcoin in the current market cycle.
- Historical trends and metrics indicate potential bullish behavior post-halving events.
Discover the expected Bitcoin rally trends and price targets as analyzed by top crypto experts.
PlanB Anticipates Post-Halving Bitcoin Surge
According to Quant analyst PlanB, Bitcoin may be on the brink of a significant price rally, akin to those observed in previous cycles. Known for utilizing the stock-to-flow (S2F) model, PlanB highlights that Bitcoin’s rarity and historical patterns suggest an imminent bullish phase. The S2F model, originally applied to traditional commodities, forecasts an asset’s price increase as it becomes scarcer. Historically, post-halving periods have marked the start of robust bull runs for Bitcoin, noted by the emergence of red spots in the S2F model. PlanB elaborates:
This marks the first month following the halving and the inception of a new cycle. Just as Bitcoin surged after previous halvings in 2020, 2017, and 2013, I foresee another pump following this halving. The core principle of the stock-to-flow model supports this outlook, though time will ultimately tell.
Bullish Signal from the Realized Price Metric
PlanB also references the ‘realized price’ metric, which calculates the value of all coins at the time they last traded on-chain, divided by the number of circulating BTC. Historically, the five-month realized price has served as robust support during bull markets. PlanB explains:
This level has acted as a support during bull market corrections, as seen in 2020 and 2017. We observed a bounce from this support in April, where the realized price was around $60,000, with BTC dipping slightly below but closing the month above this crucial level. May exhibited a similar pattern, reinforcing this metric’s reliability as support.
Maximum Price Target for Bitcoin’s Bull Market Peak
Veteran analyst Dave the Wave, known for accurate past predictions, proposes a potential peak for Bitcoin in this cycle using his version of the logarithmic growth curve (LGC) model. This model suggests Bitcoin could reach up to $205,000, about three times its current price. He comments:
Historically, BTC prices during halvings have approached previous high levels. Notably, this cycle has seen a fourfold increase from the bottom, compared to the usual threefold. This implies that the price may be slightly ahead relative to the halving, with the LGC model suggesting a maximum 3x potential from here. Investors might consider trading some gains using the higher volatility of alt/USD while holding BTC for the long term.
Dave the Wave also addresses the short-term outlook, noting that BTC is nearing an ascending trendline that has historically provided strong support. He states:
BTC price is approaching a historically strong support level once again…
Conclusion
In summary, the insights from PlanB and Dave the Wave highlight a potentially bullish future for Bitcoin, driven by historical patterns and quantitative models. These expert analyses suggest that Bitcoin is poised for a significant rally post-halving, with potential peaks reaching up to $205,000. Investors should keep an eye on these metrics and trends for strategic decision-making.
