Plan B: Bitcoin could climb to $150,000 before the New Year

Plan B, a prominent figure in cryptocurrency analysis, has recently shared an optimistic forecast concerning Bitcoin's price trajectory. Known for his application of the Stock-to-Flow (S2F) model, Plan B predicts that Bitcoin could potentially reach a value of $150,000 before the end of the year. This projection underscores the significant attention and focus on Bitcoin within the financial community, as many investors and analysts closely monitor its market movements. Plan B's insights are particularly valued due to his analytical approach, which combines historical data with current market trends to make informed predictions about future price developments. As the year draws to a close, this forecast has sparked renewed interest and speculation among cryptocurrency enthusiasts and investors alike.

In an interview, trader Scott Melker mentioned that Bitcoin might reach $150,000 by December, representing an increase of over 53% from its current price. Plan B believes that Bitcoin is following a historical trend of three years of decline followed by one year of significant growth. He also suggested that Bitcoin could continue to reach new record prices until at least June of next year.