Bitcoin (BTC) Signal Shows Imminent Surge To $10k Ahead Of Reaching $1 Million In 2025
The crypto market looks better today, with the most important coins trading in the green, after another significant fall in prices.
At the moment of writing this article, BTC is also trading in the green and the coin is priced at $7,559.50.
BTC is set to surpass $10k soon
One of the most popular analysts in the industry said that he believes BTC will surpass $10k soon and this is set to happen before the New Year.
PlanB said that the stock-to-flow ratio is flashing a rare buy opportunity, which suggests a turnaround.
“Call me crazy, but it wouldn’t surprise me if BTC closes 2019 at $10k+. Opportunities like this (Bitcoin below S2F model value, six months before the halving) are rare.”
The Daily Hodl wrote, “Stock-to-flow compares the amount of a commodity in circulation divided by the amount produced per year.”
This model is usually used to analyze precious metal markets, and it became more popular in crypto circles and earned even more mentions on CNBC.
BTC will reportedly reach $1 million around 2025
PlanB came up with another prediction, and this one might seem a bit far-fetched.
He says that the ratio tracks BTC’s price movements with more than 90% accuracy, and this shows that BTC will reach $1 million around 2025.
More optimistic BTC price-related predictions appear
The crypto market has been extremely volatile over the past days with BTC during and then dropping again really quickly.
More analysts say that in the short term, BTC has not reached a bottom.
On the other hand, there are still lots of optimistic BTC-related predictions popping up in the crypto space.
Recently, we also reported that Bitcoin bull Anthony Pompliano said that this whole hysteria over the price of BTC would probably grow louder until there’s “true blood in the streets.”
Pompliano believes BTC will hit $100,000 by the end of 2021.
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