Today news
About the same in other media
Bitcoin bull market '2nd leg has started,' says BTC price model creator
Reading now: 222
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
Despite ATH, Bitcoin Futures market ‘less exuberant’ than early 2021 ambcrypto.com /3 years ago
Bitcoin to hit $250K in January 2022 but 'invalidate' S2FX BTC price model — New prediction cointelegraph.com /3 years ago
Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is 'now cemented' cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
