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

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 […]


Related News

PlanB: S2F Model Predicts Bitcoin To Break $100k By Christmas

PlanB, the popularizer behind the Bitcoin S2F method, says the model predicts BTC will break $100k by this Christmas. The Bitcoin Stock-To-Flow Model According to PlanB on Twitter, the BTC stock-to-flow (or S2F in short) model predicts that the cryptocurrency is on its way to break $100k by Christmas. The S2F model is a method to predict the price of an asset based on the ratio of the stock (supply) to the flow (annual production). PlanB is commonly known as the originator of the model, which is, however, not true. The method was already used for other assets like gold or silver before the....

Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts ...

PlanB’s floor model misses its target in a historic first as fresh bear pressure mounts for Bitcoin price action. Bitcoin (BTC) has failed to hit the November closing price demanded by one of its best-known models — but its creator is not giving up.In a Twitter post on Dec. 1, PlanB said that he would give his floor model one more month to prove itself.BTC floor model on probation BTC/USD should have rounded out November in a “worst-case scenario” of $98,000, but a combination of factors conspired to produce a much lower monthly close.At close to $57,000, the pair firmly missed its target,....

This Bitcoin “Heatmap” Suggests A Blazing Cycle Peak Is Still Ahead

Up until the recent recovery, Bitcoin appeared headed for a bear market. The market seemed convinced a peak occurred back in November, and that would be it for some time. However, a “heatmap” of the 200-week moving average might indicate that the top cryptocurrency still has a cycle peak ahead – and will go out with a blaze of glory. Bitcoin Bull Run Embers Could Ignite Into New Flames To many investors who were expecting Bitcoin price to be at $100,000 or more to close last year, the number one cryptocurrency by market cap has come up significantly short. The once widely cited....

Ethereum (ETH and ETC) Price Trends (Week of October 24th)

Ethereum is at the birth stage of a medium-term trend. The likelihood of the price growing or falling by 50% is quite high. Which direction will Ether choose? ETH/USD An upward rebound towards the downward trend from $14.5 to $11.6, which was predicted earlier, has been naturally formed. The rise of Ether’s price towards at least the diagonal channel near $13 was necessary. This gives Ether a decent support from the bulls. This rebound was as natural, as the micro-flat which is currently present on the charts. All that is due to the fact that the current price isn’t unprofitable for both....

S2F Creator Beckons Beginning Of Second Leg Of Bitcoin Bull Run

PlanB, the popularizer of the Bitcoin stock-to-flow (S2F) model, says the current bull run still has a second leg remaining. PlanB “Awaiting” The Second Leg Of This Bitcoin Bull Market According to PlanB on Twitter, the S2F and S2FX models predict a second leg in the current bull run that will bring new highs for BTC. As the name may suggest, the Bitcoin S2F or stock-to-flow model is based on the ratio between the stock (supply) and the flow (supply). The model is actually a general one, meaning it can be applied on any commodity. Higher the S2F value, more scarce is the asset.....