Bitcoin has surged past $44,000, and experts foresee the beginning of a substantial rally. Notably, analyst PlanB predicts a value of $55,000 by the halving, a doubling in 2024, and a more than tenfold increase to $532,000 in 2025. This projection is based on PlanB’s stock-to-flow model and other charts, with expectations of hitting $100,000 by the end of 2024 and a gradual climb thereafter.
Bitcoin stock-to-flow model analysis. Source: PlanB
Certainly, the specialist’s additional charts align with the mentioned scenario, encompassing the Bitcoin market cycle model (MCM), the Bitcoin relative strength index (RSI) chart, the 200-week moving average (200WMA) chart, the Bitcoin realized price model, the Bitcoin in profit chart, and the stock-to-flow trading rule.
