Popular cryptocurrency analyst Plan B revealed the big Bitcoin (BTC) rally scenario. As Kriptokoin.com, we examine the latest predictions of the famous analyst, known for his accurate predictions on the course of the flagship cryptocurrency Bitcoin (BTC). Here are the targets and levels…
Predictions from Bitcoin (BTC) expert
Popular cryptocurrency analyst Plan B reveals a possible scenario where leading digital asset Bitcoin (BTC) has skyrocketed close to $300,000 this year. putting it. The analyst, nicknamed Plan B, chose to use his Twitter account to tell his 1.7 million followers that the stock-to-flow (S2F) model signals a massive price increase for BTC. Plan B is known for implementing S2F, traditionally used in commodities markets, which compares the supply of an asset with the rate at which it is produced, Bitcoin (BTC). While Bitcoin (BTC) has recently underperformed Plan B’s S2F model, the analyst says there are still big rallies for flagship crypto. Analyst Plan B does not neglect to record “Just one scenario”.
Plan B says that even though Bitcoin (BTC) is well below the S2F model, there is still time for BTC to turn up and record an average price of $100,000 in the coming years . In his statements on the subject, the analyst says:
BTC is 60% below the stock-to-flow model value. Some think flow from stock is dead. Others know we have two more years to reach the $100,000 average. Your choice.
Will the S2F model work for BTC?
According to Plan B, this scenario could have happened even sooner if several external factors had not hindered Bitcoin’s growth. According to the analyst, “Chinese mining ban, interest rate hike prospects and a war have delayed things a bit.” The analyst also notes how much the value of BTC is growing relative to the value of gold. On this topic “BTC = 20 ounces of gold since January 2021 (up from 5 ounces in 2020). Another 4x [soon]?” uses expressions. At the time of writing, Bitcoin is changing hands at $41,096, up 5% from a seven-day low of $38,842.
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