Bitcoin Soars to $104,000: PlanB Predicts $400,000 Milestone
Bitcoin (BTC) has reached $104,000, and some analysts are predicting even higher numbers. PlanB, known for the Stock-to-Flow model, believes BTC could hit $400,000. In a recent video, he explains his reasoning.
PlanB sees the recent price surge as the start of a new bull market. Bitcoin has shown notable growth, moving from $82,000 in late March to $104,000. This, he argues, is more than just a rebound—it signals the return of the bull market.
PlanB’s long-term projection, based on his S2F model, suggests a $500,000 average for the 2024-2028 halving cycle. he believes we are “one year into the cycle, with three years to go.” His confidence stems from bitcoin’s scarcity, comparing it to gold’s value.
His market cycle model,created in 2022,also supports this bullish view. It shows red signals, indicating a continuing bull market. The Relative Strength Index (RSI) is currently at 66, which PlanB believes will rise further, pushing BTC towards $400,000.
Not everyone agrees.Vugar Usi zade,COO at Bitget,acknowledges PlanB’s model but highlights new factors. Unlike past cycles, institutional capital and regulated derivatives now influence the market. Additionally, macroeconomic risks like Fed rate changes and geopolitical events could disrupt Bitcoin’s trajectory.
Zade also notes that recent price movements might not be entirely organic. April’s lower inflation and Fed’s dovish stance could have triggered this “risk-on” rebound.
Bitcoin’s Price Outlook: key Levels and Market Sentiment
Bitcoin’s price is at a crucial juncture. The $110,000-$115,000 range is vital. If it fails, prices could quickly drop to $88,000-$92,000, warns Usi Zade. Short-covering and equity correlation play a role here. But don’t get too excited about the $400,000 prediction. The Stock-to-Flow (S2F) model, which links supply and demand, once aligned with price trends. However,the 2021 bull run broke this pattern. thus, the $400,000 target is more of a dream than a certainty, he says. It’s now a broad upper limit, not a definite forecast.
Analysts are watching the $110,000-$115,000 range is critical. A failure there could see prices drop to $88,000-$92,000, warns Usi Zade.
Analysts are also watching the $110,000-$115,000 range. If Bitcoin fails here, prices could quickly drop to $88,000-$92,000, warns Usi zade. Short-covering and equity correlation play a role here. But don’t get too excited about the $400,000 prediction. The Stock-to-Flow (S2F) model, which links supply and demand, once aligned with price trends. Though, the 2021 bull run broke this pattern. Thus, the $400,000 target is more of a dream than a certainty, he says. It’s now a broad upper limit,not a definite forecast.
Analysts at B2BINPAY echoed some of the optimism but stressed caution. In a commentary for crypto.news, they noted that if Bitcoin starts moving below the $93,000 level and consolidates there, the market is “unlikely to see a rapid move toward a new ATH.” Instead, the price may pull back into the $88,000-$86,000 range. However, if Bitcoin shows strength from here, breaks above its ATH, and manages to stay above it, we could start looking at the next target zones — anywhere between $124,000 and $134,000. Addressing Bitcoin dominance, the analysts say they consider it as a “very positive sign for altcoins,” adding that on the daily chart, “we can clearly see a break of the uptrend line that had held as Dec.3, 2024, through May 9, 2025.
Crypto Market Trends and Summer Outlook
The crypto market’s dominance is still high, with a lot of liquidity waiting to be released. this could lead to a quick drop to around 54% dominance, possibly sooner than expected. If this happens, altcoins might perform surprisingly well.
planb, a well-known analyst, admits that some models are useful, while others are not. Today’s market is influenced by more than just charts and halvings. Central banks, global politics, and its connection to broader markets all play a role.
B2BINPAY analysts believe that summer is usually a quiet season for crypto. They don’t expect sudden volatility in the short term. They say that compressed liquidity tends to be released quickly. This could cause a fast move down. But it’s not just about charts and halvings. Central banks and global politics also affect the market.
Here are some key points:
- High dominance and liquidity could lead to a fast drop.
- Altcoins might perform well if this happens.
- Summer is usually a quiet season for crypto.
- Central banks and global politics affect the market.
For more information, visit B2BINPAY.
