A well-known crypto expert, PlanB, has sparked hope in the crypto community with his bold prediction for Bitcoin's price. He suggests that the top cryptocurrency could skyrocket to an incredible $1 million in the near future.

In a recent analysis shared on his YouTube channel, PlanB delved into Bitcoin's past and present movements. He focused on technical tools like the Stock-to-Flow Model and the Relative Strength Index (RSI) to make his forecast.

The Stock-to-Flow Model, according to PlanB, plays a crucial role in understanding Bitcoin's behavior. He noted how Bitcoin tends to hit new all-time highs before its block reward halving, which reduces mining rewards by half. PlanB believes this pattern indicates Bitcoin could hit $100,000 this year and potentially soar even higher in 2024 and 2025.

Looking further ahead, PlanB suggested that Bitcoin might not reach its next peak until 2025. During this time, it could surpass $500,000, possibly even reaching the $1 million mark. He also pointed out that Bitcoin's RSI analysis suggests ongoing exponential growth, rather than a decline in returns.

PlanB also mentioned the Bitcoin profit chart, indicating that many investors are currently making gains. He expects this trend to continue, creating a favorable environment for Bitcoin's price to rise further.

Despite some recent fluctuations, Bitcoin is currently trading at $66,211. While it's down 4.88% in the last 24 hours and 6.72% over the past week, it has risen by 6.77% in the last 30 days.

In conclusion, PlanB's optimistic outlook on Bitcoin's future price suggests the possibility of significant growth, with the potential for it to reach $1 million in the coming years. Investors are keeping a close eye on Bitcoin's movements as they navigate the volatile crypto market.