Bull Market

Bitcoin

April

Bitcoin price can be unpredictable. But shockingly, a specific model managed to predict the peak in 2021 at above $60,000 as far back as 2019. 
That same model is now pointing to a peak range near $732,000 per coin. Is this a realistic estimate, or pure hope? Let’s take a closer look at the model and find out. 
<h2 id="predicting-the-last-bull-market-peak-years-in-advance">Predicting The Last Bull Market Peak Years In Advance</h2> 
Back in 2019, the go to model for predicting future Bitcoin pricing was Plan B’s now debunked <a href="https://bitcoinist.com/time-for-plan-c-s2f-followers-expect-288k-bitcoin-price-in-two-months/">Stock-To-Flow (S2F) model</a>. But around the same time, <a href="https://twitter.com/gregcipolaro/status/1162039669867106306?s=46&amp;t=9oC9ncvHc2vCQo2epi5tpA" target="_blank" rel="noopener nofollow">Greg Cipolaro</a> took a stab at modifying the S2F model with highly accurate results. 
While Plan B’s take failed to bring the price per BTC above the projected $100,000 or more, Cipolaro’s model nailed a peak range near $60,000. 
Bitcoin reached $65,000 in April 2021 and then $68,000 in November 2021. If anything BTCUSD overshot his modest estimates, while price undershot Plan B’s by miles. 
The model is based on post-halving supply reduction price targets. More importantly than what happened after the 2020 halving, however, is what Cipolaro’s model predicts after the next halving. 
<img loading="lazy" decoding="async" class="size-medium wp-image-265297 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2023/11/ECBk66DXYAAen-m.png?w=562&amp;resize=562%2C420" alt="Bitcoin model $732K" width="562" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2023/11/ECBk66DXYAAen-m.png?w=618 618w, https://bitcoinist.com/wp-content/uploads/2023/11/ECBk66DXYAAen-m.png?w=562&amp;resize=562%2C420 562w" sizes="(max-width: 562px) 100vw, 562px" data-recalc-dims="1"> 
<h2 id="could-bitcoin-reach-732-000-after-the-2024-halving">Could Bitcoin Reach $732,000 After The 2024 Halving?</h2> 
While getting it right just one time per Cipolaro’s model is notable, it could be a matter of luck or coincidence. If the model works again, the higher the likelihood he’s onto something significant. 
Especially when the next projected target is $732,000 per BTC. The target is much higher than most estimates out there, which point to between $100,000 and $200,000 per coin. 
This is roughly an 1,800% increase from currently levels. From the Black Thursday low at $3,800 to the 2021 peak at $68,000 represents nearly a 1,600% return, so such numbers aren’t outside the realm of possibility for the king of crypto. 
During the year of 2017 alone, Bitcoin surged by over 2,000%. And this occurred after price had appreciated by over 400% already. Today, Bitcoin is up 140% off 2022 lows. Could the top cryptocurrency by market cap add another 1,800% on top of that to reach the model’s predicted peak?

Bitcoin Model That Predicted $60K Peak, Now Points To $732K Next

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