PlanB Sees Bitcoin Price Volatility Ahead Despite Undervalue Status

PlanB, the renowned crypto analyst behind the Stock-to-Flow model, has reiterated his bullish valuation view for Bitcoin. Despite the cryptocurrency being undervalued at around $58,366, PlanB believes its price can still fall below its realized value of $52,000.

According to PlanB's calculations, all previous bear market bottoms were below the realized price. He emphasized that 'valuation and price' should be treated separately, with valuation being a measure of a cryptocurrency's fundamental worth, such as scarcity and S2F.

PlanB stated that while Bitcoin is undervalued, it can still go lower from here, possibly even below its current price. This comes as a warning to investors who might be considering buying in at this point.