• Analyst Sulivan anticipates that Bitcoin will peak between $160,288 and $206,824 during the fourth halving’s bullish cycle.
• PlanB’s stock to flow model (S2F) is perhaps one of the classic examples of a highly publicized strategy.
• Institutional demand for BTC has recovered significantly in the last few months.
Why Bitcoin can hit $160K in the next bull run
Analyst Gigi Sulivan recently conducted an S2F analysis of Bitcoin which might offer some clarity about what to expect before, during and after the next Bitcoin halving. According to this analysis, Bitcoin will peak between $160,288 and $206,824 during the fourth halving’s bullish cycle. This prediction is aligned with other market observations such as institutional demand for BTC recovering significantly in recent months.
Analysis of Stock to Flow Model
PlanB’s stock to flow model (S2F) is one of the classic strategies used to predict Bitcoin’s cycle peaks and bottoms with little accuracy. However, Gigi Sulivan’s analysis suggests that BTC’s S2F chart registers a spike during each halving and a bull run follows after each halving leading to a new peak followed by a bear market. The next Bitcoin halving is scheduled for May 2024 and it could lead to another rally if it maintains characteristics similar to those observed during previous events.
Price Prediction Attainable?
Sulivan’s analysis anticipates that Bitcoin will peak between $160,288 and $206,824 during its upcoming cycle but some past predictions have much higher expectations regarding its price in the future such as over $1 million per coin. It remains unclear how attainable these estimates are but they do align with certain market observations like institutional demand for BTC recovering significantly in recent months.
Possible Impact Factors
Bitcoin will need a lot of liquidity for prices to reach these expected heights so certain factors could play an important role in this process – such as multiple pending bitcoin ETF applications or miners increasing their rewards or difficulty levels which would be beneficial for long-term investors who want stability rather than quick profits from short-term speculation.
Conclusion
It remains unclear whether these predictions are truly attainable in terms of price but they do align with certain market observations like institutional demand for BTC recovering significantly in recent months which could be beneficial for long-term investors who want stability rather than quick profits from short-term speculation.