Popular Analyst PlanB Predicts Bitcoin Price to Reach $100,000 After 2024 Halving Event, Using Stock-to-Flow Model

PlanB, a well-known analyst and creator of the Stock-to-Flow (S2F) Bitcoin price prediction model, has recently shared his latest forecast for the leading cryptocurrency.

PlanB predicts that Bitcoin will break the US$100,000 mark following the 2024 halving event. He is confident that Bitcoin has reached a cyclical low of US$15,500 in November 2022, marking a capitulation event amid the collapse of the crypto exchange FTX. The analyst believes that if Bitcoin achieves the US$32,000 level soon, it will confirm the potential for it to reach the US$60,000 level in anticipation of the halving event in 2024.

PlanB asserts that Bitcoin will break the US$100,000 level in 2025 after the halving event. The S2F model is a valuation method based on the relationship between Bitcoin's existing supply (stock) and its production rate or inflow (flow), which measures the asset's scarcity.

Despite PlanB's popularity, his prediction history has shown that his analyses are not always accurate, with most of his price predictions not materializing. Other experts have previously shared their views on how high Bitcoin's price could go after the 2024 halving event.