{"id":13160,"date":"2023-11-25T01:44:35","date_gmt":"2023-11-25T06:44:35","guid":{"rendered":"http:\/\/leadingcryptonews.com\/enjoy-sub-40k-bitcoin-planb-stresses-100k-average-btc-price-from-2024\/"},"modified":"2023-11-25T01:44:35","modified_gmt":"2023-11-25T06:44:35","slug":"enjoy-sub-40k-bitcoin-planb-stresses-100k-average-btc-price-from-2024","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/enjoy-sub-40k-bitcoin-planb-stresses-100k-average-btc-price-from-2024\/","title":{"rendered":"\u2018Enjoy sub-$40K Bitcoin\u2019\u00a0\u2014 PlanB stresses $100K average BTC price from 2024"},"content":{"rendered":"


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Bitcoin (BTC) buyers should enjoy the chance to add to their stack below $40,000, says one of the crypto industry\u2019s household names.<\/p>\n

In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the stock-to-flow family of BTC price models, hinted that current levels would not be around long.<\/p>\n

PlanB: Time is ticking on $40,000 resistance<\/h2>\n

Bitcoin is destined to go much higher than its recent 18-month highs, PlanB believes, and time is ticking to increase BTC exposure below $40,000.<\/p>\n

Known for his optimistic takes on long-term BTC price growth, PlanB used realized price data to support the case for bulls.<\/p>\n

Realized price is Bitcoin\u2019s realized cap \u2014 the sum total price at which all BTC last moved \u2014 divided by the current supply. It is currently at just below $21,000.<\/p>\n

Bitcoin bear market bottoms are characterized by the spot price dipping below the realized price, while bull markets begin once the spot crosses the two-year and five-month realized price levels. These refer to the realized price of coins that last moved within the last two years or the last five months \u2014 \u201cyounger\u201d coins.<\/p>\n

BTC\/USD is now once again above all three realized price iterations.<\/p>\n

\u201cEnjoy sub-$40k bitcoin … while it lasts,\u201d PlanB commented on an accompanying chart.<\/p>\n