An intriguing forecast has emerged from the creator of the well-known Stock-2-Flow (S2F) model. PlanB, renowned for accurate market predictions, has confidently stated that Bitcoin's value is poised for a significant increase and will not fall below $60,000.

Bitcoin recently hit a milestone by reaching an all-time high of $73,760, attracting attention from experienced investors and newcomers in the cryptocurrency realm. As the upcoming halving approaches, PlanB anticipates this will drive Bitcoin's price to new heights. Analysis based on on-chain data and the RSI indicator suggests a strong position, with $60,000 acting as a sturdy support level.

PlanB's steadfast support for Bitcoin is evident in his detailed analysis, linking Bitcoin's value to its hashrate and showcasing a consistent upward trend for the premier digital asset on a clear chart. According to the Stock-to-Flow (S2F) model, Bitcoin's price could surge to levels surpassing $200,000, reaching even $500,000.

The Stock-to-Flow model, which compares Bitcoin's current supply to the rate at which new coins are being generated, has proven to be a reliable predictor of Bitcoin's price movements, especially during halving events occurring approximately every four years. These events reduce the pace of Bitcoin mining, lowering the supply and historically triggering significant price surges.

PlanB highlights the crucial link between Bitcoin and the S2F model, particularly leading up to a halving. The shift from "blue to red" dots in the model signals a move into a bullish market phase, indicating the potential for substantial price appreciation.

Though acknowledging short-term volatility and possible 20-30% dips, PlanB maintains a positive outlook on Bitcoin's long-term trajectory. He proposes that Bitcoin could hit $100,000 within the present year, with additional upside potential in the future. However, analysts caution against expecting the peak until 2025, advising investors to remain patient and adopt a long-term viewpoint.

Investors have more reasons to consider Bitcoin as an asset class than ever before. Anticipated cash inflow in the coming years has risen following the approval of 11 spot Bitcoin ETFs in the United States. Additionally, Bitcoin's fourth halving event is under 20 days away, which will lower its annual inflation to less than 1 percent. Meanwhile, the US Federal Reserve has hinted at multiple interest rate cuts this year after easing inflation concerns without major unemployment issues.