Bitcoin price due for a push to $100,000, says PlanB

It's high time for Bitcoin to begin its next significant price rise, the creator of one of the best-known BTC price models says.

14, quant analyst PlanB highlighted increasing signs that BTC/USD is due to repeat historical gains.

PlanB on BTC price: "Time to go up"Referring to the original incarnation of his stock-to-flow model, PlanB said that the time was right to begin an order of magnitude step up.

"This is the 2019 time series model on historical BTC data only," he wrote alongside a new chart.

"You see the jump in model value at the halving and corresponding drop in S2F multiple / model error. Time to go up."

The original S2F chart differs from the more recent stock-to-flow cross-asset model, which incorporates macro factors and introduces "Phases" in Bitcoin's metamorphosis as an asset.

It calls for an average BTC price of $288,000 before 2024.Since the May halving, Bitcoin has put in "Red dots" on the model, which have run to expectations, if not in a similar fashion to what happened after the 2016 halving.

Analysts eye safe haven bull runOptimism on safe havens continues this week beyond Bitcoin.

Continuing, Mike McGlone, chief strategist at Bloomberg Intelligence, highlighted strength in gold.

"Rising gold prices, despite declining managed-money net-longs hedge funds and an advancing dollar, are a sign of the strengthening foundation under the metal," he summarized on Monday.