688: STOCK-TO-FLOW CREATOR SAYS NO TOP IN SIGHT FOR BITCOIN, STANDS BY YEAR-END 6-FIGURE BTC PREDICTION!!
Quantitative analyst PlanB says Bitcoin is still on track to reach his bold end-of-year BTC price prediction.
The pseudonymous analyst tells his 736,300 Twitter followers that the stock-to-flow model (S2F), which he popularized in the cryptocurrency space, still forecasts a six-figure price for BTC by Christmas.
“Baseline S2F forecast of $100,000 by Christmas still stands (or more precise: $100,000 average for this halving period 2020-2024).
On-chain (non-S2F) indicator shows no sign of a top yet (no red dots). This is in line with S2F forecast.”
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