$135K for December: Stock-to-Flow Creator Lays out Bitcoin’s ‘Worst Case Scen...
The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been dropping in June and how the month of July may see “weakness” as well. Best Case Scenario: $450K Worst Case Scenario: $135K Five months ago, bitcoin (BTC) prices went parabolic and the value of the leading crypto asset seemingly was following the well known stock-to-flow (S2F) model. At....
Related News
Creator of the popular Bitcoin price prediction chart “stock-to-flow”, PlanB, puts $135k target for BTC by December 2021. What Is The Bitcoin Stock-To-Flow Model? The BTC stock-to-flow (S2F in short) method is a price prediction model popularized by PlanB. S2F is based on the ratio between the stock (current supply) and the flow (annual production). It’s often thought that PlanB is the creator of the S2F model itself, however, that isn’t the case. The method has been used in the past for other assets like gold and silver, but PlanB was the first to implement it for....
The only way is (more or less) up for BTC price action, the analyst insists, offering a potential 2021 high of $450,000. Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the "worst case scenario."That's according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.Bitcoin to match all-time high in OctoberWell known as the creator of the stock-to-flow Bitcoin price forecasting models, PlanB has repeatedly bucked the overall market mood in recent weeks and months.Even as BTC/USD sees multiple....
Bitcoin has never been so far below where stock-to-flow predictions call for it to be. Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week.In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin's twelve-year lifetime."Great buying opportunity"With BTC/USD showing few signs of a genuine bullish recovery, the pair has been drifting ever further from the price that the stock-to-flow price model calculates it should have.Stock-to-flow is arguably....
Bitcoin stock-to-flow (S2F) creator PlanB believes a $98k target for the cryptocurrency by November end is a realistic goal. S2F Popularizer PlanB Sticks To $98k Target For November Back in June, when Bitcoin was below $34k, analyst PlanB put out a list for his targets of the crypto in the subsequent months. The tweet had these targets for BTC: Aug >47K, Sep >43K, Oct >63K, Nov >98K, and Dec >135K. So far, all these price goals have been decently accurate. But the real challenge will be the current month of November as the target for it is quite bold. PlanB has used the stock-to-flow model....
In a year of extreme volatility, Bitcoin price models have never had so much to prove — how did they do? From $3,600 lows to all-time highs of just above $24,000, 2020 was the year that Bitcoin (BTC) surprised analysts like never before.With predicting its next move becoming ever more difficult, there’s likewise never been more demand for an accurate Bitcoin price model.Cointelegraph takes a look at how the best in the business fared this year, and what’s worth following as 2021 gets underway — possibly with $20,000 as a starting point.Stock-to-FlowNo matter which way you look at it, 2020....