Cryptocurrency analyst PlanB posted on the X platform today that despite calls for a bear market, he disagrees.
He pointed out that the 200-week arithmetic average and geometric average of Bitcoin have been close for more than a year, indicating a decrease in volatility and a steady upward trend. The data shows that the price of Bitcoin will rise from $20,000 to $40,000 in 2023 and from $40,000 to $80,000 in 2024.
PlanB further speculates that if this steady upward trend continues, the bitcoin price could reach $160,000 in 2025, $320,000 in 2026, $640,000 in 2027, and so on. He believes that if this happens, it could mean that the traditional four-year bull-bear cycle will end early, although this is earlier than he previously expected, but more in line with the characteristics of a mature market.
PlanB also emphasizes that a true bear market (manifested by the convergence of the arithmetic and geometric averages) occurs only after a true bull market (manifested by the divergence of the arithmetic and geometric averages), which he believes has not yet occurred.
PlanB: The current is not a bear market, Bitcoin may break the four-year cycle and rise to $160,000 this year
2025-03-19 21:57:04
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