Crypto Analyst PlanB Predicts Massive Bitcoin Rise – Here Is His Forecast

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Widely followed quantitative analyst PlanB expects Bitcoin (BTC) to perform a major parabolic run in the coming months.

PlanB is the creator of the Bitcoin stock-to-flow (S2F) model, which attempts to predict the price of the flagship cryptocurrency by measuring the amount of new supply entering the market each year versus the amount of supply already. existing.

In a new Unchained Podcast interview, the Bitcoin analyst says his S2F floor model is a reliable indicator that allowed him to set monthly BTC closing prices in August and September.

“The model that garnered the most attention over the past two months was the ground model because I predicted June 20 – this was around the same time, by the way, that the CEO of Guggenheim predicted that Bitcoin would drop below $ 20,000 – on about the same day I made the prediction, ‘No, no, no, it’s going to go up to $ 47,000.’

And Bitcoin was below $ 34,000 at that time. I said, ‘Well, in August it will close above $ 47,000. In September it drops a bit but it will close above $ 43,000, and in October it will close above $ 63,000.

He says if BTC is to continue to follow the floor price forecast for its S2F model, then it could rise more than 44% from its current price of around $ 60,000 in November and stage another major rally in December. .

“If this continues, and frankly I would be very surprised if it didn’t, it would be a black swan event that we haven’t seen in the last ten years.

But if this continues, we’ll already go up to $ 98,000 in November and $ 135,000 Bitcoin in December, so it will be a really nice Christmas this year if that comes true.

While he expects massive price appreciation in the coming months, he doesn’t think Bitcoin will be able to avoid another big correction that has historically followed every major bull cycle.

“I don’t think the world is ready for hyperbitcoin or the supercycle yet.

I think we’ll be run by greed right now and fear later and see another – 80% after going over a few hundred thousand dollars.

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