Quantitative analyst PlanB is convinced that Bitcoin (BTC) is on the brink of a significant breakout reminiscent of its explosive rise in 2020.

In a message to his 1.9 million followers on the social media platform X, PlanB observes that Bitcoin has been stabilizing around the $60,000 mark, much like it did when it hovered around $10,000 back in 2020. He states, “$60,000 is the new $10,000. I believe it’s only a matter of time before it surges upward.”

To support his prediction, he shares a chart illustrating the realized price metric. This metric tracks the value of all coins during a specific timeframe based on their last on-chain transaction price, divided by the total number of BTC in circulation. The chart indicates that the five-month realized price level is serving as a robust support level, akin to what was observed in 2020.



Source: PlanB/X

Moreover, PlanB points out that Bitcoin is currently undergoing a phase that has historically been considered “boring” in the market cycle—an interval that typically precedes a dramatic breakout. He explains, “The yellow periods represent a lull; Bitcoin’s movement is stagnant. The significant price shifts occur during brief intervals: 2013, 2017, and late 2020. Don’t overlook the next surge!”

Source: PlanB/X

He emphasizes that the majority of Bitcoin’s price increases take place during short bursts between prolonged periods of consolidation and sideways movement.

PlanB further highlights that BTC’s substantial price growth has been concentrated in just 27 months throughout its 162-month existence. “In the last 13 years, only 27 months accounted for ALL of Bitcoin’s gains: 2013, 2017, and 2020/21. Be ready for the next upward move!”

Source: PlanB/X

As of now, Bitcoin is trading at $63,174.

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