$BTC Popular crypto analyst, known by the pseudonym PlanB, creator of the Stock-to-Flow S2F model, presented an updated forecast for Bitcoin. According to him, the average price in the current cycle of 2024-2028 could reach $500,000 per BTC.$DEGO

The attached chart shows that despite the current volatility and a price around $67,000 for Bitcoin, the first cryptocurrency is in a zone that the analyst historically considers extremely favorable for buying. Is this the "last opportunity to buy" Bitcoin?

Its S2F model evaluates the asset deficit by comparing its existing supply, stock, with the annual production volume, flow. After each halving, the influx of new BTC is halved, which, according to PlanB's logic, inevitably pushes the price up. On the chart, the dashed S2F line makes a jump after 2024, indicating a target range of around half a million dollars.

In a recent forecast, PlanB highlights three key points:

The first is historical accuracy. The author reminds readers of his past successes. In 2015, he started buying BTC at $400, and in 2019, when the price was below $4,000, his model predicted a rise to $55,000. This target was reached later.

The second argument is the current undervaluation. The blue and green dots on the chart — the RSI indicator — show that the market is not yet overheated. From a model perspective, the current $67,000 is just the beginning of the journey to the cycle's mean. Finally, the analyst emphasizes that there are no guarantees. The S2F model has often been criticized for not accounting for demand and focusing solely on supply.

map$COS

Overall, PlanB views the current situation as a final buying opportunity. He believes that Bitcoin is significantly undervalued, while investors should remember the high volatility. The path to $500,000 for BTC may include deep drops, as seen in previous cycles. #BTC #BTCVSGOLD #AIBinance #Trump'sCyberStrategy #MarketPullback