PlanB, the creator of the Bitcoin price stock-flow model series, hinted in a Nov. 24 post on X that current price levels won’t last long. PlanB believes that the price of Bitcoin is destined to be well above its recent 18-month high, and that the time to increase Bitcoin exposure below $40,000 is running out.
PlanB takes an optimistic view of Bitcoin’s long-term price growth, using realized price data to support the bull case. The realized price is Bitcoin’s realized market cap – the total value of all Bitcoins when they last moved – divided by the current supply. It is currently just below $21,000. Bitcoin bear market bottoms are characterized by spot prices below realized prices, while bull markets begin with spot prices exceeding two- and five-month realized price levels. These refer to the realized price of the coin at the time of its last move within the last two years or the last five months.
PlanB commented on the accompanying chart: “Enjoy Bitcoin under $40,000…while it lasts.”