Bitcoin price can hit $450K in 2021, $135K is 'worst-case scenario' — PlanB
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....
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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....
Major milestones are flowing in for BTC price action this week, with the market still below the $50,000 level. Bitcoin (BTC) at $47,000 is turning heads but is in fact only the "worst-case scenario" for one of its most popular analysts.In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that $47,000 should be just the beginning for BTC/USD.Bitcoin price no longer in its "worst case scenario"Following the May miner rout from China and accompanying BTC price crash, long-established price models based on the stock-to-flow principle saw a major....
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....
BTC/USD sheds $1,000 almost instantly as China's third-largest bank puts the cats amongst the pigeons in early trading. Bitcoin (BTC) shed $1,000 in minutes on June 21 as fresh news from China succeeded in routing bulls yet again. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView3rd biggest Chinese bank warns on cryptoData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows beneath $32,500 on Monday.The cause, which disturbed a day of recovery from another dip, appeared to once again come from China via a major bank statement that confirmed it would....
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....