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Analyst: Bitcoin Bull Market Has Months to Go, Will Not Stop at $100K

Renowned on-chain analyst and brainchild of the popular Bitcoin stock-to-flow model, ‘PlanB’, has posted an update to the model and some latest predictions on the current bull market.
This is the fourth cycle since the asset’s inception in 2010 and one that could go much higher than current levels if history rhymes.
Bitcoin has made solid gains every month since the bull market began in December 2020 and we are only three and a half months into it according to this particular pricing model.

December close: $28,992
January close: $33,141
February close: $45,240
March 17 price: $55,000
We are only 3.5 months into the #bitcoin bull market. IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher). pic.twitter.com/skS6a7pepu
— PlanB (@100trillionUSD) March 17, 2021
S2FX Model Predicts $288K
The Bitcoin stock-to-flow (S2F) model was initially published in March 2019, delving into the relationship between the production, or supply, and the current stock available, or circulation. It essentially calculates Bitcoin’s value through scarcity. The ‘X’ refers to the cross-asset version which includes other assets such as silver and gold.
‘PlanB’ predicts that prices will not stop at $100,000 during this cycle and will increase all the way up to around $288,000 though the all-time high may be above that.
The chart, which has been pretty accurate so far, predicts that prices will oscillate around the $250K level, hitting it around September 2021. The movements are based on Bitcoin halving events and the next leg up is …
Story continues on Crypto Potato

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