PlanB Sticks to $500K Bitcoin Price Target Despite Possible Short-Term Dip

PlanB, the analyst behind the Stock-to-Flow model that values Bitcoin based on its scarcity, says the cryptocurrency's price can still drop below $53,000 before hitting $500,000 during the current halving cycle.

In a recent post on X, PlanB stated that Bitcoin may briefly fall below its realized price of around $53,000. The realized price is an on-chain measure of the average price at which Bitcoin's supply last moved.

PlanB argued that his Stock-to-Flow model still points to a peak of $500,000 between 2026 and 2028, despite some critics questioning the model's track record. PlanB also suggested that Bitcoin's cycles should be viewed through halvings rather than the precise timing of market tops and bottoms.