Plan B Identifies Significant Bitcoin Price Gap with 10x Upside Potential

Renowned Bitcoin analyst Plan B has highlighted what he considers a critical valuation disconnect in the bitcoin price market. According to his latest analysis, the current bitcoin price of $73,340 sits substantially below its long-term correlation with major asset classes like the S&P 500 and gold—a positioning he notes has historically preceded major bull movements.

In a detailed X post from late December 2025, Plan B demonstrated that bitcoin price levels currently trade far beneath regression trends compared to traditional markets. This divergence, he pointed out, mirrors a similar situation that occurred when bitcoin was trading below $1,000, which subsequently led to approximately 10x appreciation—an observation that has captured significant attention across crypto markets.

Bitcoin Trading Well Below Historical Correlation Levels

Plan B’s analysis focuses on the relationship between bitcoin price movements and traditional asset classes. He noted that the current level represents a notable deviation from established correlations, creating what technical analysts view as a potential setup for mean reversion. While he cautioned that correlations can shift and outcomes are never guaranteed, he emphasized that the current setup is historically unusual and warrants serious consideration.

The analyst stressed that this type of valuation gap between bitcoin price and correlated assets has rarely appeared in the market’s history, making the current environment distinctive from a technical perspective.

The Stock-to-Flow Model and Supply Scarcity Dynamics

Plan B, famous for developing the Stock-to-Flow (S2F) model, views bitcoin as a scarce asset whose value derives from supply constraints similar to precious commodities like gold. His model has become one of the most widely followed frameworks in cryptocurrency analysis, though it has faced criticism in recent years for occasionally missing market cycle peaks.

The core thesis remains that assets with genuine scarcity tend to appreciate during periods of monetary policy expansion. Plan B reiterated that bitcoin price correlations have never been static but have shifted across different market cycles, responding to those who argue bitcoin should remain completely uncorrelated from traditional markets.

Market Positioning and What Comes Next

Bitcoin has experienced price consolidation in recent weeks following its October peak, fueling debate about whether the market is building a base for another surge or entering a more prolonged correction phase. The current bitcoin price level of $73,340 represents a pullback from the $87,500 level observed at the end of 2025.

For now, Plan B maintains that this valuation divergence deserves close monitoring. While he acknowledges that correlation breakdowns are possible and “this time could be different,” he emphasizes that only time will reveal whether the bitcoin price resumes its historical pattern of mean reversion or continues its own independent trajectory. The coming months will likely provide clarity on whether his analysis validates or whether market dynamics prove his thesis premature.