Flow

2024

Bitcoin

Million

Using <a href="https://www.newsbtc.com/news/bitcoin/historical-bitcoin-halving-cycles/">historical and future Bitcoin halving events</a>, the Bitcoin Stock to Flow (S2F) live data chart model has pointed toward a BTC surge to unprecedented highs during the 2028 to 2032 halvings.&nbsp; 
<h2 id="bitcoin-to-hit-5-million-after-2028-halving">Bitcoin To Hit $5 Million After 2028 Halving</h2> 
Crypto analyst Bit Harington recently shared insights in a post on X (formerly Twitter) about the potential surges in the price of Bitcoin during the next halving stages. Using data from the Bitcoin S2F chart, Harington <a href="https://x.com/bitharington/status/1745069498967740705?s=46" rel="nofollow">predicted</a> the price of Bitcoin would reach $500,000 by the fourth halving,<a href="https://www.newsbtc.com/bitcoin-news/anticipation-peaks-as-bitcoin-halving-countdown-drops-below-100-days-will-prices-skyrocket/">&nbsp;which is taking place in April.</a>&nbsp; 
His predictions were based on the distinctive trend observed in BTC’s price, where the first to third halving phases exhibited a consistent 10x price increase for each successive halving.&nbsp; 
Responding to the post, the creator of the S2F model, Plan B, <a href="https://x.com/100trillionusd/status/1745114397863768422?s=46" rel="nofollow">made a bold prediction</a>, suggesting that the average price of Bitcoin during the 2028 and 2032 halving events could potentially reach an impressive $5 million.&nbsp; 
The cryptocurrency has consistently <a href="https://www.newsbtc.com/news/bitcoin/when-bitcoin-price-new-ath/">experienced bullish rallies following each halving event</a>, from the first Bitcoin halving in November 2012 to the third in May 2020. Due to this, many investors and crypto analysts <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-before-halving/">foresee</a> a similar surge in BTC’s price during 2024 halving.&nbsp; 
These expectations could be attributed to the events that typically occur during a <a href="https://www.newsbtc.com/news/bitcoin/when-is-the-next-btc-halving-date-bitcoin-halving-guide/">Bitcoin halving event.</a> In each halving phase, BTC mining rewards are cut in half, and the supply of the token is reduced, thereby inducing scarcity and increasing the token’s value.&nbsp; 
While these <a href="https://bitcoinist.com/bitcoin-halving-event-identified-as-a-pivotal-one/" rel="nofollow">price projections</a> about Bitcoin are made to keep investors alert, it’s important to note that they remain speculations, and models like S2F can be subject to wide margins of error.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/qgwVjzvF/" alt="Bitcoin price chart from Tradingview.com (BTC)" width="3266" height="1530"> 
<h2 id="analyst-reveals-key-factors-to-consider-in-2024-halving">Analyst Reveals Key Factors To Consider In 2024 Halving</h2> 
Another crypto analyst, Ali Martinez, has disclosed four crucial factors to keep in mind as the 2024 April Bitcoin halving approaches. Martinez highlighted the significance of the post-halving price corrections in the 2016 and 2020 Bitcoin halving, emphasizing that BTC declined by 30% to 70% within a month after the halving phases.&nbsp; 
He also mentioned BTC’s post-halving rallies, where the cryptocurrency experienced significant surges to 700%, 2,850%, and 11,000%, respectively, during the 2012, 2016, and 2020 halving events. The crypto analyst delved into bull market durations after each halving, which lasted about a year or more. 
He concluded his analysis by predicting that the next Bitcoin market top would occur around April or October 2025. At the time of writing, the <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-up-above-43000/">price of BTC</a> was $42,110, according to CoinMarketCap.&nbsp;

Bitcoin To $5 Million? S2F Model Predicts When This Will Happen

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