Bitcoin: PlanB’s Latest Model Predicts Bull Market Surge in 2023
The Stock-to-Flow (S2F) model, which gained popularity through analyst PlanB, has been both highly praised and heavily criticized.
Recently, PlanB released a new long-term chart called Bitcoin Market Stages, which suggests that Bitcoin has entered a new bull market as of early 2023.
The chart is based on one on-chain variable, but PlanB does not reveal which one. Unlike S2F, Bitcoin Market Stages is not a predictive or valuation model; instead, it is designed to estimate which stage of the market cycle Bitcoin is in.
PlanB’s new model has four stages: early bull market (blue), late bull market (green), early bear market (yellow), and late bear market (red).
According to the chart, the late bear market phase ended at the end of 2022, indicating that Bitcoin is now in an early bull market.
PlanB has also provided an update on the S2F model based on historical halvings.
The model estimates that Bitcoin’s current price is $55,000 and predicts that the average price of BTC in the current cycle will be $100,000 or as much as $288,000, depending on the version of the model used.
READ MORE: Bitcoin: Bullish Metrics and New Pricing Model Suggest Positive Future
PlanB believes that the Stock-to-Flow Cross Asset Model (S2FX) is the most valuable model but admits that the original S2F model is currently the most accurate.
He predicts that Bitcoin will surge 100% by 2024, approaching the $55,000 – $60,000 range.
This would mean an average monthly increase of $2,500 for the cryptocurrency, assuming the next halving occurs on April 5.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
