Bitcoin ready to take run at $100K: PlanB

PlanB, the creator of the (so far) uncannily accurate stock-to-flow (S2F) price model, says bitcoin is about to take a run at his $100,000 price target.

In a tweet on Monday, the quant analyst pointed to growing indications that BTC/USD is revving its engine.

Referring to the original version of his model, PlanB said, “This is the 2019 time series model on historical BTC data only (no gold, silver, diamonds, real estate data used),” he wrote alongside a new chart.

“You see the jump in model value at the halving (white line) and corresponding drop in S2F multiple / model error (white dots). Time to go up.”

“The original S2F chart differs from the more recent stock-to-flow cross-asset (S2FX) model, which incorporates macro factors and introduces “phases” in bitcoin’s metamorphosis as an asset. It calls for an average BTC price of $288,000 before 2024,” Cointelegraph noted.

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