PlanB, a well-known crypto analyst, has shared a prediction that’s catching attention. In a discussion with Scott Melker, he is saying that Bitcoin could jump to $150,000 by the end of this month. That’s more than a 50% increase from its current price.
Patterns in Bitcoin History
PlanB has a knack for spotting patterns in Bitcoin price movements. He’s famous for the stock-to-flow model, which links Bitcoin’s price to its supply and production rate. Based on what he sees, past cycles suggest a rhythm: three years of slow, uneventful price action (a bear market) followed by one year of explosive growth. He calls it the “face-melting” bull run, and he thinks we’re entering that exciting phase now.
This cycle makes sense if you look at the history of Bitcoin. Prices stagnate for a while, people lose interest, and then the market roars back to life. PlanB believes we’re about to see that happen again—and soon. A few months ago he predicted a price of roughly $140,000 towards the end of the year, and he is sticking with it.
More Than Just One Big Peak
Many people think a bull market leads to a single all-time high, followed by a crash. PlanB disagrees. He expects Bitcoin to set not just one, but several new records over the next six to twelve months. Instead of a quick rise and fall, he envisions a series of peaks clustered together. This could mean months of exciting price action rather than just a brief moment.
Looking Ahead to 2025
PlanB isn’t just focused on the short term. He believes that Bitcoin price could continue going up well into the middle of next year, possibly through June 2025. His reasoning comes from looking at historical trends, where Bitcoin’s biggest gains have typically happened in concentrated bursts. These intense periods are when most of the action happens, so keeping an eye on the market during these times is key.
Even though Bitcoin has recently dropped slightly, analysts like PlanB remain confident about its future. In a video a week prior, he said that Bitcoin could rise to somewhere between $250,000 and $1 million during this bull market. With the price currently hovering around $97,379, the potential for new highs is certainly there. If his prediction is right, December could be a big month for Bitcoin enthusiasts amidst the holiday festivities.
You can watch the entire discussion between PlanB and Scott Melker in the video below:
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