Anonymous cryptocurrency analyst Plan B says all indicators, with the exception of one black swan event, point to a bright future for Bitcoin (BTC) in the coming months.
In an interview with Blockware Intelligence, the analyst explained why he thinks numerous Bitcoin metrics are looking so positive:
“All signals are basically, for example, stock-to-flow [S2F] or on-chain Whether it’s capping or other metrics or news, macro news, increasing the number of countries opening up to Bitcoin, everything is positive.”
Plan B is known for implementing the S2F model. While Bitcoin has recently underperformed according to Plan B’s S2F model, the analyst says there will still be big rallies for the leading cryptocurrency. The trader says he tracks when Bitcoin futures premiums start to rise.
“Of course it could be a black swan. Sure, it could be something we haven’t seen in the past or is a real black swan, but the volatility is low and the futures premium is low. I’m watching this like a hawk.”
Plan B concludes by saying that he believes there is an ideal opportunity for Bitcoin investors to fill their bags right now:
“Cryptocurrencies asleep, people in profit, people in loss, Unless you’re a black swan, I can’t imagine any other scenario where this is one of the best buying opportunities we’ve seen in Bitcoin history. It’s even compatible with the start of 2016, 2011, 2013 or 2012. The beginning of the bull run.”
In March, the analyst talked about a scenario where Bitcoin could approach $300,000 sometime this year.
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