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⛓️ Crypto🟢 BullishImportance 6/10
Bitcoin S2F Model Says BTC Price Is Headed To $500,000, Here’s When
🤖AI Summary
Bitcoin's Stock-to-Flow (S2F) model predicts BTC could average $500,000 between 2024-2028, according to analyst PlanB. The projection suggests Bitcoin would need to spend significant time well above $500,000 during this halving cycle, though current price action shows volatility around $70,000.
Key Takeaways
- →PlanB's S2F model predicts Bitcoin could average $500,000 during the 2024-2028 halving cycle, not just hit that price briefly.
- →Bitcoin recently reclaimed the $70,000 level after volatile trading between mid-$60,000s and $73,000.
- →The prediction requires Bitcoin to eventually trade well above $500,000 to achieve that cycle average.
- →About 43% of Bitcoin addresses are currently holding at a loss, with most being short-term holders.
- →Bitcoin remains above key structural supports including the 200-week moving average and realized cost price.
Mentioned Tokens
$BTC$70,884▲+3.4%
$ETH$2,072▲+2.7%
Non-custodial · Your keys, always
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