PlanB speculates that BTC price fall doesn't mean the end
Is Bitcoin’s bull run over? This crypto analyst doesn't think so. Bitcoin’s (BTC) price has declined over the past day or so, falling from highs above $60,000 to below $50,000. That, however, does not necessarily mean the asset’s bull run is over, according to a well-known crypto analyst, PlanB. “Nothing goes up in a straight line,” PlanB said in a Tweet on Friday. “#Bitcoin has gone up 6 months in a row, until this month. This looks like the mid-way dip that we also saw in 2013 and 2017.”PlanB is known in the crypto industry for his Bitcoin Stock-to-Flow, or S2F, model. The model....
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PlanB has clarified that the $98k Bitcoin target for November isn’t based on the famed S2F model, but on his “floor model.” PlanB: $98k Nov Prediction Isn’t Based On S2F Model Earlier in the year, analyst PlanB tweeted out some price targets for Bitcoin for the coming months. Most of these predictions have ended up […]
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekBitcoin tumbles 10% in 12 hours and falls below $50,000 for first time since MarchThings were looking markedly bearish for Bitcoin following last weekends swift and sudden correction, which caused Bitcoin to crash by 20% in a single hour.Within minutes last Sunday, $60,000 became a distant memory with bulls forced....
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....
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....
Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants continue to speculate on whether the flagship crypto could fall below this psychological level if a full-blown bear market were to occur. Bitcoin Price Has Likely Turned $100,000 Into Support PlanB stated in an X post that he will not be surprised if the Bitcoin price does not drop below $100,000 again as the market witnesses the $100,000 resistance turn into $100,000 support. The analyst further noted that the September close was the fifth consecutive monthly....