CandleFocus PlanB Doubles Down on Massive Bitcoin Price Prediction for Market Cycle Peak – Here’s His Outlook
2024-12-02
Author: Content Editor
Popular quant analyst PlanB is standing by his prediction that Bitcoin will reach a value between $250,000 and $1 million during the current bull market cycle. PlanB's stock-to-flow (S2F) model, which predicts an asset's performance based on scarcity, suggests that Bitcoin's price will increase as the asset becomes scarcer. He believes that the 2024 halving event will trigger another strong bull run for Bitcoin. PlanB's S2F model indicates a higher cycle peak for BTC compared to other analysts' models, which predict a top-out price between $200,000 and $300,000. Bitcoin is currently trading at around $95,371.
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