In accordance with TheMarketPeriodical, Stock-to-Flow (S2F) model founder PlanB has reiterated his long-term Bitcoin price prediction, maintaining a $500,000 target for the 2028 cycle. He linked this outlook to the same S2F model that guided his 2019 forecast, which accurately predicted a $1 trillion market cap between 2020 and 2024. Bitcoin currently trades near $86,431, down from its recent $126,000 peak. ETF flows turned positive, with $238 million in net inflows into Bitcoin ETFs despite a broader market decline. Market analysts also noted renewed accumulation by whales, suggesting major players are buying the dip. A key support zone at $74,110 remains critical, with a potential recovery above $112,000 seen as necessary for a 2025 all-time high.
PlanB Maintains $500,000 Bitcoin Price Prediction for 2028 Cycle
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