PlanB expects a serious rise in Bitcoin according to its model.

PlanB, who is among the most ambitious Bitcoin analysts by developing his own model among crypto analysts, claimed that the cryptocurrency could reach up to 500 thousand dollars in its current cycle.

The analyst, who recently updated his own Stock-Flow model in his YouTube broadcast, said that he expected a strong fluctuation after the halving and predicted the closest target to be 100 thousand dollars.

PlanB referenced previous cycles in the S2F model when interpreting Bitcoin price performance. Accordingly, the analyst, who predicted a rapid rise depending on the demand for Bitcoin after the halving, claimed that Bitcoin could reach up to 500 thousand dollars in the current cycle. The price level seen for the next cycle is $4 million.

In addition, PlanB, which updated the model it uses for Bitcoin price prediction with the last 5 years of data, also claimed that the Stock-Flow model has become much more accurate and understandable in its current form. The analyst also points out that the RSI indicator has moved consistently with previous price predictions, and believes that this technical indicator will move the same way in the current cycle.

While #PlanB supports its price prediction with the data that more than 90% of Bitcoin owners are in profit, it thinks that this data will be another factor that triggers the rise of the BTC price.

When the current price movements of Bitcoin are checked, it is seen that the cryptocurrency price has not been able to remain permanent in the $ 70,000 range since last month. Finally, the cryptocurrency, which was sold once again at the $ 70,000 limit yesterday, continues to be traded in the narrow band of $ 67,000-70,000.
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