Plan B: The S2F Model Is Still On Track – IMO Has Normal Deviation

Lots of crypto investors are freaking out due to the massive fluctuations that Bitcoin has been seeing recently.

What they don’t understand is the fact that the massive price pump that led to an ATH of over $64k involved artificial growth and this is the reason for which weak hands backed off at the very first sign of danger.

PlanB’s model is right on track

PlanB shared a really relevant tweet and you can check it out below.

When someone said: “The blue range is so vague, the price could fall to 20k and you would still not breach the lower end. I think its about time we accept that satoshi has gotten super rich and rest are bagholders!” PlanB responded with:

“The blue range is not vague, it is wide: roughly model value divided by two and multiplied by two. So with model value $66K, upper bound is ~$132K and lower bound $33K.”

He also addressed a linear regression model.

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $33,010.38.

While the crypto space struggles during these FUD times in which weak hands are shaking, important people are accumulating Bitcoin.

For instance, it’s been just revealed that Tim Wu who is an antitrust expert at the White House is a BTC millionaire, says a personal financial disclosure.

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