PlanB, the creator of the Bitcoin stock-to-flow model, predicts a bullish trend for Bitcoin, potentially reaching up to $240,000. He highlights that Bitcoin's price often surges fourfold when it surpasses the 200-week moving average (MA), a key indicator of long-term trends. Current market indicators, such as Bitcoin's low seller risk ratio and strong option market sentiment, suggest the bull market may still have room to grow, despite potential short-term fluctuations.

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