Renowned cryptocurrency analyst known as PlanB has made a prediction that Bitcoin is expected to reach $100,000 by the year 2024. In a recent video shared by the analyst, it was mentioned that Bitcoin may surpass this projected price based on its current trends.

By utilizing the Bitcoin Stock-to-Flow Model (S2F), PlanB illustrated a significant increase in Bitcoin's value following a break above the recent all-time high (ATH). The analyst indicated that the target for the next bull run, post the upcoming Bitcoin halving, is $500,000. However, he also mentioned that the rise in value is likely to be gradual due to the typical growth pattern of cryptocurrencies.

PlanB emphasized that a bull run reaching its full potential usually spans several months and could even take more than a year for a halving-induced rally, based on historical data of Bitcoin. As a result, the analyst foresees Bitcoin reaching its highest point in 2025, which could potentially exceed the speculated $500,000 price target.