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Bitcoin bull market '2nd leg has started,' says BTC price model creator
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Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility to hit $100,000 by the end of this year.
According to PlanB, the creator of the popular stock-to-flow (S2F) model, called Bitcoin's price retracement from the $60,000-level the "2nd leg" of what appeared like a long-term bull market.
#bitcoin bull market, 2nd leg has started pic.twitter.com/N9H2QF7SDe
In doing so, the pseudonymous analyst cited S2F that anticipates Bitcoin to continue its leg higher and reach $100,000-135,000 by the end of this year.
The price projection model insists that Bitcoin's value would keep on growing at least until $288,000 a token due to "halving," an event that takes place every four years reducing BTC's issuance rate by half against
Read more on cointelegraph.comAbout this in other media
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