A major rally is expected in the Bitcoin price, and popular crypto analyst PlanB suggests that this rally could see at least $250,000. PlanB’s predictions, based on the stock-to-flow (S2F) model, are based on the idea that Bitcoin’s value will increase as its supply decreases. The analyst’s latest statements give promising signals, especially for the upcoming post-halving period. Here is the latest Bitcoin forecast and all the details…
PlanB made a statement for his Bitcoin forecast
Popular crypto analyst PlanB explained in his latest YouTube video that Bitcoin (BTC) seems ready for a series of major rallies. PlanB stated that the stock-to-flow (S2F) model implies that Bitcoin could rise above $250,000 in the coming years. Specifically, the S2F model predicts the performance of an asset based on the idea that its price increases as its supply decreases. Historically, PlanB’s S2F model has printed a red dot immediately following the halving, signaling the start of strong bull runs.
After Trump’s election victory, PlanB observed Bitcoin’s reaction to $76,000, and commented that “if history is a guide, if the stock-to-flow model is a guide, then we will see sharp price increases here and the red dots will continue.” Based on the stock-to-flow model, he likely predicts that Bitcoin’s average price during this halving cycle will be around $500,000. “In short, the stock-to-flow model and I think Bitcoin’s average price over the next four years will be between $250,000 and $1 million,” he boldly stated. So why could the price rise sharply from the current high of $76,000?
Trump’s victory, Saylor’s plan, and ETF inflows
The analyst pointed to several factors. He emphasized Trump’s victory and his pro-Bitcoin stance compared to Democratic President Biden. He also recalled Trump’s Bitcoin reserve promise; while targeting 1 million Bitcoins in the next five years, this means 200,000 Bitcoins per year. He stated that this move will create great buying pressure. In addition, Microstrategy CEO Michael Saylor announced a $ 42 billion Bitcoin purchase program for the next three years; this means approximately 200,000 Bitcoins per year and can greatly support the bull run.
He also drew attention to ETF inflows, saying that ETF inflows have been massive since Trump’s victory and that he believes they will continue to grow. As a result, he stated that there are many reasons why the Bitcoin price could rise sharply from its current level. Currently, the Bitcoin price is trading at $ 79,431, up 3 percent. The cryptocurrency has broken another record. The $ 80,000 level is just a short distance away.
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