There have been a lot of bullish Bitcoin predictions these days, and they seem to continue. The latest one comes from the famous PlanB.
He believes that we have not seen the top of this bull market yet. Check out his post on Twitter below.
ICYMI: of course bitcoin is volatile and can easily go up or down 20% in short time intervals. But we are nowhere near the top of this bull market, according to both the S2FX model and on-chain signals. pic.twitter.com/Mk4fSVCfGB
— PlanB (@100trillionUSD) April 8, 2021
Someone commented: “one thing has me worried, every bullrun the upside % has gone lower. on the chart, almost every next bullrun goes -50% higher. which makes sense cuz the amount gets much bigger meaning the up % gets lower.
u can see it on the chart as well.”
PlanB hopped into the comments and responded with the following: “you could also say every bull market crossed a round number: $10, $100, $1000, $10K so maybe now $100K (if we repeat 2017) or $1M (if we repeat 2013). I would not read to much in these visual clues, personally I follow the models.”
When a follower asked: “S2F or S2FX??”, PlanB said: “Yes I am not very consistent in terms, I sometimes say s2f when I mean s2fx (latest s2f model). s2f is the btc-only time series model and forecasts $100k this cycle. s2fx is based on btc, gold, silver, diamonds, real estate data, not a time series and forecasts $288k this cycle.”
At the moment of writing this article, BTC is trading in the green and the coin is priced at $57,700.75.
Key Bitcoin levels to watch this month
Earlier today, we addressed some key levels to watch this month for Bitcoin.
Blockchain analytics platform Whalemap just mapped out the key levels to watch for in Bitcoin (BTC) this month.
It’s been revealed that via Twitter, the on-chain insights platform highlights that Bitcoin’s correction, which drove the leading crypto asset from an all-time high of $61,683 to around $51,000, has officially ended after price respected the support of $57,000, indicating a possible trend reversal.