---
title: "Bitcoin Model That Predicted $60K Peak, Now Points To $732K Next"
url: https://diffcoin.com/bitcoin-model-that-predicted-60k-peak-now-points-to-732k-next/
description: "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."
published: 2023-11-18
updated: 2023-11-18
author: "Mila"
site: "Diffcoin"
---

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

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.

## Predicting The Last Bull Market Peak Years In Advance

Back in 2019, the go to model for predicting future Bitcoin pricing was Plan B’s now debunked Stock-To-Flow (S2F) model. But around the same time, [Greg Cipolaro](https://twitter.com/gregcipolaro/status/1162039669867106306?s=46&t=9oC9ncvHc2vCQo2epi5tpA) 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.

![Bitcoin model $732K](https://bitcoinist.com/wp-content/uploads/2023/11/ECBk66DXYAAen-m.png?w=562&resize=562%2C420)

```
Could BTC be worth over $700K? | Greg Cipolaro on Twitter
```

## Could Bitcoin Reach $732,000 After The 2024 Halving?

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?

[Source link](https://bitcoinist.com/bitcoin-model-predicted-60k-peak-points-732k/)