Bitcoin (BTC) has plenty of room to grow in its current bull run and “will not stop” at $100,000, according to analysts including PlanB.
In various posts on social media on Wednesday, the stock-to-flow Bitcoin price model creator joined others in predicting huge new all-time highs for BTC/USD.
PlanB taps S2FX model’s $288,000 average price
With Bitcoin trading sideways below both its recent peaks of $58,300 and $61,700, investors are curious about where the 2021 bull run may end.
As Cointelegraph reported, depending on the price indicator used, the peak could be uncomfortably near or still far off. For followers of stock-to-flow, the answer remains firmly the latter: Compared with previous bull cycles, 2021 is just getting started.
“We are only 3.5 months into the Bitcoin bull market,” PlanB summarized.
“IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher).”
He referenced both his stock-to-flow, or S2F, and stock-to-flow cross-asset, or S2FX, models, which give an average BTC/USD price forecast of $100,000 and $288,000 during the current halving cycle, set to end in 2024.
This is just the Title: $288K by December? Bitcoin ‘will not stop at $100K,’ says stock-to-flow creator
Sourced From: cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator
Published Date: Wed, 17 Mar 2021 16:00:00 +0000