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 among investors, and the outlook is now whether BTC and the entire crypto industry have transitioned 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 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 is still in the middle of a sustainable uptrend, one that could see the price doubling once again by 2025. His interesting argument comes alongside other new outlooks from analysts, who are now noting key bullish signals for Bitcoin.
PlanB’s latest analysis is based on Bitcoin’s 200-week arithmetic and geometric moving averages, which are two long-term trend indicators analysts use to distinguish between bull and bear market phases. According to him, these two averages have been close together for over a year. The close movement of these moving averages goes against a downward trend but rather a steady uptrend with reduced volatility.
He explained that a real bear market usually comes after a true bull run, which is characterized by a sharp divergence between the two averages. Since that divergence has yet to happen in the current cycle, PlanB argues that the market has not experienced a real 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 steady and predictable doubling of the price. Bitcoin rose from around $20,000 in 2022 to approximately $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 end of 2025.
PlanB acknowledged that this trajectory if it continues, could be the end to the traditional four-year cycle theory that has predicted Bitcoin’s market psychology since its launch. Nonetheless, such a change would be more fitting for a maturing asset class like BTC, which has pierced into the institutional market in the past year.
If PlanB’s projection of a price-doubling trend holds, BTC could be on track for not just $160,000 in 2025. According to the analyst’s prediction, the rate of uptrend means that Bitcoin has the chance to trade at $320,000 in 2026 and $640,000 sometime in 2027.
These long-term bullish targets are very optimistic, but the current focus is on short-term price movement where there’s so much work for bull traders to do. The first step is to break above the current price range between $80,000 and $90,000. At the time of writing, Bitcoin is trading at $84,000, having rejected again at $86,500.
Featured image from Unsplash, chart from Tradingview.com
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