Popular on-chain analyst PlanB, creator of the Stock-to-Flow (S2F) model, issued a bullish forecast for Bitcoin, predicting it could reach between $250,000 and $1 million during the current halving cycle, with an average target of $500,000. The prediction comes despite recent market cooldown, and the analyst urged investors to remain patient.
PlanB's argument hinges on Bitcoin's mathematical cyclicality linked to halvings. The April 2024 halving has passed, and 639 days remain in this epoch, meaning the real climb toward S2F target levels should unfold between 2026 and 2028. He noted the local high of $126,000 was not the peak of this four-year period, and the S2F model points to a fundamental average price rising due to asset scarcity.
In a 'maximum pain' scenario, PlanB acknowledged Bitcoin could set a new local low below the realized price of $53,000 before surging. History shows bitcoin often begins a new growth phase amid retail capitulation, and a rapid rise to $500,000–$1 million would inflict heavy losses on short sellers and skeptics. His final advice: 'Patience.'
