As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.”
Predicting Bitcoin's Bull Run Values: Plan B's S2F Model and Ledn CIO's $92,000 Target
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Plan B: ‘S2F = Exponential Growth’
The crypto community is still buzzing with excitement, and Plan B, the architect behind the BTC price prediction model known as S2F, is increasingly sharing his S2F charts and insights. “ Bitcoin realized price (cost base) is rising, but still very slowly (5-10% per month: green),” Plan B remarked on Sunday. He added, “Current market is comparable with mid-2012, begin-2017, Oct-2020 (green). Interesting times ahead.”
Despite criticisms from bitcoin investors like Fred Krueger, who argues that the S2F model “is completely wrong, and must be killed,” Plan B has remained steadfast in sharing his S2F perspectives. Krueger, on the other hand, supports a Power Law model, which also anticipates a substantial rise in BTC’s price. Plan B, undeterred, unveiled another S2F chart on Monday, noting:
Stock-to-Flow 2020-2024 halving cycle: ~$50K, Stock-to-Flow 2024-2028 halving cycle: ~$500K, Stock-to-Flow 2028-2032 halving cycle: ~$5M, Yes, S2F = exponential growth, and it will continue IMO.
A community member reacted to Plan B’s post, expressing, “I’d be happy if this happens. But 3-4 data points can only predict the general direction, NOT the price like $500K average in 2024-28. Caution is advised to all.” Plan B responded, acknowledging, “Very true. Only 3 halvings (2012, 2016 and 2020) plus the crucial pre-halving period (where BTC S2F grew from below 1 to ~4). And S2F is only for general direction, of course, and with wide error margin (for example: prediction 2020-2024 was 55K but in reality ~33K).”
Ledn Exec Expects Bitcoin Price Correction Before Finding Values Between $85-92K
To date, BTC has managed to reach a peak of $73,794 per unit, and since then, it has stabilized well below that figure, trading around the $66,500 to $67,150 range at 11:00 a.m. Eastern Time on Monday. Former managing director at Barclays and the current chief investment officer at crypto lender Ledn, John Glover, believes we’re due a significant dip before the next leg up, which could be as high as $92K during the current bull run.
“My view that the [ bitcoin] price will have a correction seems to have struck a nerve with some readers,” Glover said in a note sent to Bitcoin.com News. “It’s important to note that while I am a believer that no price moves in a straight line, I do continue to look for $85-92K before this latest bull trend completes,” Glover added:
Retail players are just starting to come into the [ bitcoin] ETF’s en masse and the next big entry is set to coincide with the halving, so things should get interesting in a month or so.
What do you think about the lofty price predictions in recent times? Share your thoughts and opinions about this subject in the comments section below.
