Bitcoin Price Predictions by PlanB
PlanB, the creator of the bitcoin stock-to-flow (S2F) model, recently made a prediction about BTC’s price until the halving event in 2024. According to a tweet, PlanB believes that bitcoin’s price will remain in the $32,000-$64,000 range as it navigates through the pre-bull market phase until the next halving. He uses the S2F model to track bitcoin’s price based on its scarcity.
PlanB also mentioned that bitcoin is currently in the pre-bull market phase and is on track towards a full-blown bull market after the halving event, unless there is an earlier ETF approval. This prediction appears to contradict his analysis in February 2022, where he stated that BTC would skyrocket to $100,000 by the end of 2023. The market may be in for a surprise, and BTC may soar to unprecedented highs, considering his previous forecast misses in 2021 and 2022.
Hot Take: Bitcoin’s Price Forecast
Despite PlanB’s recent predictions, the market’s unpredictable nature may cause BTC to surpass expectations, especially considering that he predicted earlier this year that BTC could reach $1 million by 2025.
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