What Is The Target Set In The Bitcoin (BTC) Bull Cycle? Here are BTC Prospects!

In the past, many analysts have tried to accurately predict Bitcoin's (BTC) cycle highs and lows with little or no accuracy. PlanB's stock-to-flow model (S2F) is perhaps one of the classic examples of a highly publicized strategy.
PlanB's S2F model failed to accurately predict the market peak in 2021. But could there be a more accurate version of the stock-to-flow model? CryptoQuant analyst Gigi Sulivan recently did an S2F analysis for Bitcoin. It may provide some clarity on what to expect before, during and after the next Bitcoin halving.
According to Gigi Sulivan's analysis, BTC's S2F chart records a spike during each halving. Historically, a bull run has occurred after each halving, which leads to a new high and then to a bear market.
The next Bitcoin halving is scheduled to occur in May 2024. A bull run could be on the cards if it maintains characteristics similar to those observed in previous halving events. Sulivan's analysis predicts that Bitcoin will peak between $160,288 and $206,824 during the bullish cycle of the fourth halving. Also, the S2F estimates during the previous two halvings were significantly lower than the actual peaks.
According to experts, this could mean that Bitcoin could rise well above $260,000 during its next bullish cycle. But is the projected price for the next cycle really attainable? Some past forecasts have much higher expectations for the future price of Bitcoin. For example, some believe that Bitcoin could be worth over $1 million in the future. This could mean that the forecast based on S2F analysis is a little more achievable, especially in the near term.
BTC ETF Applications!
Bitcoin will need a lot of liquidity to reach the predicted prices. However, this forecast was in line with some interesting market observations. For example, institutional demand for BTC has recovered significantly over the past few months. Additionally, multiple Bitcoin ETFs were awaiting approval at the time of writing. They could accelerate the rise of BTC in the months leading up to next year's halving.
While Bitcoin investors should take note of these predictions, it is important to note that they are speculative. This may mean that they do not guarantee that prices will rise to these levels. The market is known to be quite unpredictable and so there is a significant possibility that things may not turn out as expected. On the other hand, a rally above predicted levels may also be possible.
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