Bitcoin optimistic predictions continue, and among them, PlanB is highlighting his own.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $47,158.87.
Anyway, check out what analyst PlanB has to say about the price of Bitcoin in 2021. He is addressing the S2F model.
PlanB’s BTC prediciton
Here’s the tweet that he dropped.
#bitcoin stock-to-flow model predicts $100K by Christmas, time model (diminishing returns, lengthening cycles) $30K. Next months will be key. Note that color overlay is on-chain signal (not time to halving), indicating we are between bottom (blue) and top (red), in line with S2F. pic.twitter.com/OS0pAKduq4
— PlanB (@100trillionUSD) August 27, 2021
When someone asked, “What happens after we cross $100k? Do we sustain this level or crash and enter a bear market,” PlanB answered: “$100K is an average, so we will have to go beyond.”
Someone else said: “It wont happen that easily… we need big catalists… such a a country adopting $BTC as legal tender, maybe start to mine it with clean energy such as thermal, and marbe forcing all the surrounding countries that make commerce with it to also deal with crypto somehow.”
New Bitcoin predictions
Galaxy Digital CEO Mike Novogratz just dropped his own prediction.
He says that after consolidating in the short term, Bitcoin (BTC) will witness a bullish fourth quarter and rally alongside the stock market.
In a new interview on CNBC’s Squawk Box, Novogratz said the following:
“Prices will probably stabilize here a little bit and consolidate. You won’t just keep going up forever. But my guess is fourth quarter, the S&P 500 has a good quarter and crypto has a good quarter. Usually the winners of the year, when they’re that much ahead, just drive on.”
Stay tuned for more news, and keep your eyes on the market.