Crypto enthusiasts are buzzing with anticipation over a bold forecast from PlanB, the creator of the renowned Stock-to-Flow (S2F) model. Known for accurate market predictions, PlanB confidently asserts that Bitcoin's value is primed for a substantial surge, emphasizing that it will not plummet below the $60,000 mark again.

Bitcoin's recent ascent to a record-breaking high of $73,760 has captivated the attention of both seasoned investors and newcomers alike. With the halving event looming on the horizon, PlanB anticipates a further boost to Bitcoin's price, potentially catapulting it to unprecedented heights. Supported by on-chain data and the Relative Strength Index (RSI) indicator, the market appears poised for stability, with $60,000 serving as a formidable support level.

PlanB's Unwavering Confidence in Bitcoin
In a recent revelation on X platform, PlanB reinforces his prediction with meticulous analysis, linking Bitcoin's value closely to its hashrate. Through a comprehensive chart, he illustrates a consistent upward trajectory for the leading digital asset, anchoring his optimistic outlook on this correlation.

Leveraging the Stock-to-Flow (S2F) model, PlanB suggests that Bitcoin's price could skyrocket to remarkable levels, surpassing $200,000 and potentially reaching as high as $500,000.

The Stock-to-Flow model, renowned for its accuracy in gauging Bitcoin's price movements by comparing its current supply to the rate of new coin circulation, has historically been a reliable indicator, particularly around halving events. These events, occurring approximately every four years, curtail the pace of new Bitcoin issuance, consequently reducing the supply and often triggering substantial price rallies.

PlanB's analysis underscores the critical connection between Bitcoin and the S2F model, especially in the lead-up to a halving. The transition from "blue to red" dots in the model signifies a shift towards a bullish market phase, signaling the potential for significant price appreciation.

Navigating Short-Term Volatility
Despite acknowledging the likelihood of short-term fluctuations, including potential dips of 20-30%, PlanB maintains a positive outlook on Bitcoin's long-term trajectory. He predicts that Bitcoin could hit $100,000 within the current year, with further upside potential in subsequent years. However, analysts caution that the peak may not materialize until 2025, underscoring the importance of patience and adopting a long-term investment perspective.

Moreover, investors have compelling reasons to focus on Bitcoin as an asset class. Following the recent approval of 11 spot Bitcoin ETFs in the United States, increased cash inflows are anticipated in the coming years. Additionally, with Bitcoin's fourth halving event less than 20 days away, which will reduce its annual inflation to less than 1 percent, coupled with signals from the US Federal Reserve indicating potential interest rate cuts amidst easing inflation pressures, the stage is set for Bitcoin to potentially continue its ascent as a prominent investment choice.