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The Daily Hodl 2024-12-10 08:04:54

Quant Analyst PlanB Outlines Bitcoin December Price Target, Forecasts Timeline for ‘Face Melting’ Bull Market

Quant Analyst PlanB Outlines Bitcoin December Price Target, Forecasts Timeline for ‘Face Melting’ Bull Market

A widely-followed analyst known for applying the stock-to-flow model (S2F) to Bitcoin is unveiling his price target for BTC this month. In a new interview with trader Scott Melker, pseudonymous analyst PlanB says that Bitcoin could surge to as high as $150,000 in December, a more than 53% gain from its current value. “It’s almost scary that it is happening again. It seems programmed: three years of boring bear markets and then one year of FOMO (fear of missing out) and face-melting bull action. And it’s like that in all the past cycles. So if history is any guide, we’re going to see that again. And I certainly think we’re going to see that again. So indeed $100,000 if not $150,000, somewhere between that for this month, December.” He also says that based on historic precedence, Bitcoin may continue to go on a series of rallies printing new all-time highs until at least June. “Again, if history is any guide, the returns of Bitcoin are not normally distributed. So it’s not like we get an all-time high and then a bear market and an all-time high and some middle ground. No, it’s all-time high after all-time high after all-time high. It’s very clustered. So maybe six to 12 months of real bull market action.” Bitcoin is trading for $97,677 at time of writing, down 2% in the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Quant Analyst PlanB Outlines Bitcoin December Price Target, Forecasts Timeline for ‘Face Melting’ Bull Market appeared first on The Daily Hodl .

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