Bitcoin (BTC) ascent to $100,000 next year has "more one hundred-plus events" backing information technology up, toll analyst PlanB has confirmed.

In the ongoing Twitter contend over his stock-to-catamenia Bitcoin price model, the famously bullish PlanB said that it calls for a mid-term price tag of six figures — only how quickly or slowly Bitcoin gets there is "irrelevant."

PlanB eyes BTC toll co-integration

He was responding to criticism of what he believes will happen to BTC/USD later May's block reward halving. As Cointelegraph reported, PlanB stated that he expects the event to take a catalytic effect on the cost, just as during the 2022 and 2022 halvings.

A Twitter user quizzed him on the speed of this year's hereafter gains. The cost rising was more gradual in 2022 than in 2022, the user said, and it was, therefore, necessary to consider which style 2022 would follow.

"IMO that is not the correct question to enquire, because yous cannot tell from only 2 events," PlanB responded.

"Cardinal thing is that you know from co-integration (100+ events) that btc will probably become over $100k before Dec 2022. How (slower/lower or faster/steeper) and exactly when is irrelevant."

Bitcoin USD stock-to-flow model

Bitcoin USD stock-to-catamenia model. Source: PlanB/ Digitalk

Co-integration refers to the human relationship between the Bitcoin price and the stock-to-menstruation calculations. As the model shows, the two values accept closely tracked each other throughout Bitcoin'south beingness.

"S2F and btc toll stay together," PlanB summarized during the Twitter exchange.

Following the button to $100,000, stock-to-menstruation calls for information technology to remain the average price for BTC/USD until around 2024.

Tone Vays: pre-halving pump "very probable"

Currently, Bitcoin'southward stock-to-flow average is effectually $8,650, meaning that at printing time levels of $9,100, Bitcoin is, in fact, outperforming expectations.

In the run-upward to the halving, an increasing number of analysts believe that the cryptocurrency will only add to its gains.

This week, Tone Vays, the traditionally more than conservative trading veteran, revealed that even he was turning bullish in the short term.

"$BTC cost moves about $9,000 is a pretty bullish sign that some other pre-having pump is very likely," he wrote on Twitter, summarizing the latest edition of his Trading Bitcoin YouTube series.

Bitcoin retaking the $9,000 subclass came apace, with 24-hr gains currently totaling 4.3%.