Popular crypto analyst Plan B uses his stock-to-flow (S2F) model along with the relative strength index (RSI), which suggest the Bitcoin price will blow past six figures in about a year.

The model indicates that Bitcoin could hit $60,000 heading into the expected April 2024 halving event, when BTC miners’ rewards are cut in half, followed by a massive move to between $300,000 and $500,000 per coin.

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