Bitcoin could hit $30K or $100K this year as analyst warns ‘next months are key’
Bitcoin price forecasts differ hugely depending on the methodology used, but stock-to-flow creator PlanB favors his $100,000 average target. Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon.In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move.PlanB focuses on “key” remaining monthsWith BTC/USD trading at $47,000 this week, PlanB has a lot to be confident about. His recent prediction of a minimum monthly close for August....
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Bitcoin has mostly consolidated beneath its all-time high from October. Cryptocurrencies like Ethereum and Solana have gone on to touch new all-time highs following the October rally but the same cannot be said for bitcoin. BTC’s entrance into the new month has been unremarkable so far. The digital asset has mainly maintained its value above $61,000 despite wavering momentum. However, a flash crash on Wednesday put the digital asset at $60,000 for the first time since its October ATH. Related Reading | Bitcoin ETF Inflows Slow Down As Altcoins Interest Rebound The next big target for....
The pseudo-anonymous bitcoin analyst called Plan B gave his 704,000 Twitter followers an update on the notorious stock-to-flow (S2F) bitcoin price model. Plan B stressed on August 27, that the “next months will be key” as he believes the bitcoin S2F model “predicts $100K by Christmas.”
‘$100K by Xmas’
Plan B is a popular figure in the bitcoin world as the pseudo-anonymous analyst is well known for his stock-to-flow (S2F) price model. In basic terms, the model quantifies the commodity’s (bitcoin) scarcity and then divides it by....
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”
The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’
Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year....
Recent events and developments tend to prove right the decision of Apple not to grant backdoor access to the FBI so as to enable them access the privacy of users. At the US house judiciary hearing committee earlier this year, which involved the refusal of Apple to unlock the San Benardino suspect’s iPhone on behalf of FBI, several reasons were given by Apple to defend their stand even as the FBI also argued from their own security point of view why they should have access. Several months down the road, Microsoft seems to have inadvertently demonstrated what could be an intrinsic security....
It’s make or break time for S2F as BTC teeters on the bounds of the famous model. PlanB, the brainchild behind the Bitcoin stock-to-flow model, has revealed he is feeling “uneasy” about his renowned price predictions due to the recent downtrend in markets.The stock-to-flow (S2F) model, which has predicted BTC prices with some degree of accuracy over the past two years, has been called into question by some of his followers in a recent Twitter poll.The anonymous analyst surveyed his followers on June 21 asking them what price they thought BTC would reach by the end of the year. He used the....