Posted 12/4/2023, 3:30:46 PM
Bitcoin Price Predicted to Reach $60K Soon and Surge to $532K After 2024
- Bitcoin's stock-to-flow model predicts price could reach $60,000 range soon, before surging to $532,000 after 2024 halving
- Price typically rises 4x from lower end of distribution range at each halving; distribution now $16k-$65k
- Macro factors like Covid-19 could make next bull run even more explosive
- On-chain analyst PlanB expects gradual price increase to $55k-$60k until next halving
- PlanB Most bitcoin will likely trade in $65k-$524k range in next 4 years