PlanB, the creator of the Stock-2-Flow (S2F) model has shared a thought provoking question on his official Twitter account as he weighed in on the plausible reasons for the ongoing bullish momentum. The S2F model which he created can be applied to all investment assets but PlanB is particularly interested in Bitcoin (BTC) which he is optimistic is destined to soar beyond $100,000 in the near term.

PlanB on Plausible Investor Motivation

The renowned market analysts was curious to know whether or not ‘they’ which can mean investors or market bulls are “front running the halving.”

Are they front running the halving .. ? pic.twitter.com/dFP77yZUER

— PlanB (@100trillionUSD) June 21, 2023

Frontrunning is a word in investing that depicts the deep motivation to buy an asset based on a knowledge one has that might fuel the valuation of such asset in the long run. Bitcoin’s halving which PlanB is referring to is a network event that takes place automatically every four years.

The next halving is not expected until April next year, a time when the rewards issued to miners of Bitcoin will be sliced by half from the current 6.25 BTC. The halving event has been known to be succeeded by a period of immense price growth and investors typically stack up on the digital currency on the grounds that its price will surge in the near future.

PlanB’s questions come on the heels of the ongoing recovery in the broader digital currency ecosystem which has pushed Bitcoin’s price to retest its key resistance level and currently changing hands at a spot price of $29,877.91, up by more than 11% over the past 24 hours. The resurgence in BTC has fueled a corresponding rally that is pushing altcoins to new pedestals.

Question for Smart Money Investors

There are different sentiments supporting the current Bitcoin price growth which has seen smart investors pump new funds into the premier digital currency. While investors are possibly all out for the crypto market following a wave of spot Bitcoin ETF filings sparked by BlackRock, the inherent potential of the forthcoming halving can also be a big boost to bet big on BTC at this time.

Bitcoin touched its All-Time High (ATH) months after its last halving back in May 2020. With expectations of similar growth ahead, we may see additional smart money inflows into the market in the weeks and months ahead.

AD

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Bitcoin price rallied massively to hit a 9-month high of $27,787 as it strongly breaks above the key 200-WMA at $25.3K. Bitcoin and Ethereum prices soared after the U.S. Federal Reserve started money printing with an initial $300 billion in funding for rescuing cash-strapped banks since the collapse of Silicon Valley Bank and Signature Bank.

Crypto leaders and influencers including Binance CEO “CZ”, Bitcoin analyst Willy Woo, stock-to-flow model creator PlanB, former Coinbase CTO Balaji Srinivasan, and others are confident about Bitcoin price hitting $30,000.

Binance CEO “CZ” took to Twitter to share the good news that Bitcoin rallied past $27K, mocking U.S. banks and appreciating crypto holders who held amid FUD due to recent events. He is bullish on Bitcoin as banks crumble.

“Bitcoin is volatile, but it never needed a bailout. Holding crypto is tough. It wasn’t easy for the people who held on in the past few months.”

Popular Bitcoin analyst Willy Woo also took to Twitter to share his favorite on-chain indicators for Bitcoin. He recommends buying when the BTC price is between the realized price and the Cumulative Value Days Destroyed (CVDD) floor. Investors should also buy more when the price move past the purple line.

Bitcoin stock-to-flow model creator PlanB revealed that rebounding towards dark blue area of the stock-to-flow valuation model. He believes that Tripple top for a new ATH in the current cycle is possible as the Bitcoin halving is coming.

Bitcoin Price To Hold Above 200-WMA

Meanwhile, former Coinbase CTO Balaji Srinivasan predicts bank failures and money printing will cause Bitcoin price to hit $1 million within 90 days. On Friday, he made a bet with James Medlock, a self-proclaimed social democrat, over U.S. entering hyperinflation. Balaji Srinivasan is ready to transfer $1 million in USDC for the bet to either a smart contract or an escrow person.

Bitcoin price currently holds above the 200-WMA, as reported earlier by Coingape. BTC price currently trades at $27,587. The 24-hour low and high are $26,209 and $27,787. Bitcoin will face resistance in the $28.5K-29K range, it will cross the mark if the U.S. Fed FOMC rate hike decision comes in dovish.

Also Read: Solana Mobile Hints At Saga Smartphone Launch Date

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Creator of the Bitcoin stock-2-flow (S2F) model, popularly known by his pseudonym, PlanB has taken to twitter to reveal S2F’s model prediction after the 2024 halving.

Bitcoin S2F model predicts $500K+ average after 2024 halving

134,842 people have casted votes in a poll carried out by PlanB on Twitter, 81% believe that Bitcoin would remain below $500,000 by 2027, the former institutional investor and creator of the stock-to-flow model begs to differ, his S2F model predicts $500,000+ average after 2024 halving.

He has also put it that the situation is very much similar to March 2019 when he published S2F model and BTC was below $4K, PlanB said “Majority thought S2F prediction of $55K after 2020 halving was crazy.“ The Bitcoin stock-to-flow uses scarcity to quantify Bitcoin value.

A Bitcoin halving is the process of halving the rewards of mining Bitcoin after each set of 210,000 blocks is mined. By reducing the rewards of mining Bitcoin as more blocks are mined, a Bitcoin halving limits the supply of new coins, so prices could rise if demand remains strong.The halving is usually followed by massive price proliferation.

The most recent halving which took place on May 11 2020 saw bitcoin’s price continuing to perform bullishly a full year after the event took place, It rose by more than 559%.

The Bitcoin S2F model

In 2019, PlanB published his Stock-to-Flow model for the Bitcoin price, the S2F model states that the price of bitcoin is driven by its scarcity, as the halving ensure that bitcoin becomes ever more scarce, its price should continuously increase.

The primary argument for the veracity of this model is that since it was created in 2019, it has been very accurate in predicting the price trend of Bitcoin. Some analysts feel the model is too bullish.

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Bitcoin (BTC) is reeling under the bear market. The crypto market is still under pressure, while the Bitcoin price continues to dive below the crucial $30,000 level. However, PlanB, creator of the stock-to-flow (S2F) model, claims the bear market is almost over. He is optimistic because periods with the Realized Price Moving Average (RPMA) <1 and Relative Strength Index <50 have historically been great times to buy. Although, PlanB also thinks it can take a while before RPMA and RSI will rise again.

PlanB: Bitcoin (BTC) Bottom Is Over As Bear Hug Eases

PlanB recently disclosed that the Bitcoin (BTC) price is forming a new bottom for the next bull market. BTC trend this week moved as per PlanB forecasts, the price made a low near the $28,500 level.

Now, PlanB in a tweet reports the bear market is almost over and the price should start rising again. He believes the RPMA and RSI at current levels suggest a bottom for Bitcoin. However, it could be 6-9 months (like 2014 and 2018/19), or 1-2 months (like 2011 and 2020) before we could see a bounce. Currently, the Bitcoin is moving sideways near the $30,000 level.

“Realized Price / Moving Average (RPMA, purple) shows the Bitcoin cycle best. Relative Strength Index (RSI, yellow) is similar, but can be misleading at critical times (e.g. 2nd half 2021). The good news: bear market is almost over. Waiting for RPMA and RSI to start rising again.”

Furthermore, PlanB also shared a correlation between the U.S. equities market and Bitcoin, especially S&P 500 and Bitcoin. Both the equities market and Bitcoin have dived lower since November 2021.

Meanwhile, the S&P 500 is in a bear market as it has dived nearly 20%. Analysts believe Bitcoin accumulation at the current price could give more returns to long-term investors.

Bitcoin Halving Still Remains the Main Indicator

Despite PlanB view on the bear market, his followers also believe the bear market is still not over, considering the Bitcoin halving. The trend shows October as the bottom where the bitcoin price could confirm a rebound. However, if the bear market ends in 1-2 months if the 2Y realized price and RSI make a v-shape recovery. A new all-time-high could be seen in a year.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

PlanB, Dutch analyst and the brains behind the BTC Stock-to-Flow (S2F) model, has once again predicted a potential Bitcoin bull market which he believes will be ushered in following a bottom price touch.

PlanB has a reputation for making accurate price predictions

In a recent tweet, the anonymous Bitcoin analyst revealed that he was hoping for a second phase of the Bitcoin bull market of last year in the last month of the year, but the end of the bull market became evident in Q1 2022.

“We entered a bear market from the Apr 2022 peak (yes ATH was Nov 2021),” said PlanB, “now we are creating a bottom. Then a new bull market will start. BTC cycles.”

PlanB has a reputation for making accurate price predictions. Although not having a perfect record, his forecasts have so far proven to be generally reliable especially because of his utilization of the Stock-to-Flow model.

PlanB predicted a $1 trillion market capitalization for Bitcoin in 2019 when most analysts and investors had thrown in the towel, expecting further decline as the coin dipped to $3k from its $17k peak of 2018. Bitcoin reached the $1 trillion market cap February last year. 

A series of predictions was made by PlanB in June last year after the Bitcoin crash that followed an Elon Musk tweet: the Dutch analyst predicted $63k, $98k and $135k prices for October, November and December of 2021 respectively. The 63k price for October was accurate.

In November, he noted that his November price prediction was not based on his S2F model, but his floor model; revealing that he uses three models for his predictions: S2F Model, Floor Model and On-chain Model.

The current crypto decline has not spared Bitcoin

Several other analysts have chipped in their thoughts on BTC amidst the asset’s current bear market. Last year, Sussex University’s Carol Alexander mentioned that BTC is expected to get as low as $10k in 2022. 

Ian Balina, Blockchain and Cryptocurrency Evangelist, predicted that BTC will eventually get to a price between $100k and $150k without specifying when. He noted that he believes the growing interest in crypto and Web3 will influence a price surge in BTC in the long run.

The current crypto decline has not spared Bitcoin. The firstborn crypto has seen lows it hasn’t met for two years, trading at $29.8k as at press time. Other assets have also plummeted with Terra’s LUNA dipping by 100% in a few days amidst its UST stablecoin crisis.

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Stock-to-flow (S2F) model created by analyst PlanB had helped crypto investors make a more structured decision when betting on cryptocurrencies, considering the volatility in the crypto space. The model has historically correlated with the Bitcoin (BTC) price which makes it popular for predicting price based on its value in a period of time.

With some people thinking the S2F is dead, PlanB announced in a tweet on Wednesday that BTC price is currently 60% below the stock-to-flow model. Also, as per PlanB, the Bitcoin (BTC) will reach the $100k average price but will take two more years.

Bitcoin Will Hit $100K in Two Years

PlanB says he is confident that BTC price will reach $100,000. However, investors have to wait for at least two years to observe a massive rally. As per the chart, the next halving is scheduled to take place in mid-2024. Every Bitcoin halving had historically resulted in the BTC price to shoot massively.

#BTC is 60% below S2F model value. Some think S2F is dead. Others know we have 2 more years to reach the $100K average. Your choice. pic.twitter.com/xrYeeUN9hP

— PlanB (@100trillionUSD) March 16, 2022

He suggested BTC investors have their own opinion when making buying and selling decisions, and avoid getting into what others say. People need to look at the chart and see, how many times BTC price deviated from stock-to-flow model value to make an informed decision.

Previously, the S2F model predicted the $100k mark in December 2021. However, the model failed as the Bitcoin ended below $45k from its ATH price of $68k last November. This happened after the Chinese crackdown on crypto trading and mining, as well as questions raised on the efficiency of Bitcoin.

Moreover, amid the current escalating Russian-Ukraine tensions, rising inflation, and political pressure, the price dwindled even more. These all have possibly resulted in the diversion from the daily stock-to-flow model value, with the current price moving 60% below the model value.

Bitcoin’s Support From the Community

Bitcoin is currently trading at $40,516, up nearly 5% in the last 24 hours. Moreover, the trading volume is $34 billion in the last 24 hours, rising almost 43%.

This week, Bitcoin influencers including Michael Saylor, Elon Musk, and Mike Novogratz have shown trust in Bitcoin. Saylor explained why bitcoin is a better inflation hedge and a store of value than gold and real estate. While Musk, considering the worth of Bitcoin, tweeted that he will continue to hold it, mostly under the present circumstances.

Furthermore, Bitcoin whales have become active, pulling out almost 1.2 billion BTC from crypto exchanges in just a week. However, retail investors should wait until the price breaks the 45k barrier.

About Author

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

Following an epic fail from pseudonymous analyst, PlanB, Bitcoin was trading at $50,000 on December 25th, avoiding an unwelcome Christmas Day surprise for BTC bulls.

PlanB Model Fails Bitcoin

PlanB’s model failed many crypto investors who must be looking at their portfolios with disappointment, as the pseudonymous analyst’s $100,000 Bitcoin prediction did not come true on December 25.

BTC/USD maintained $50,000 support into the weekend, according to TradingView data, after ranging following local highs above $51,500.

As the Christmas season began, the pair remained placid, with thinner liquidity yet to manifest itself in the form of violent price movements.

With most traders and analysts taking a break from trading and analysis, the $1 trillion market cap valuation level at $53,000 remained the closest upside objective.

BTC trading at $50k. Souce: TradingView

PlanB made a point of separating his floor model from the Bitcoin stock-to-flow model. The floor model failed in November and December, according to the analyst, as it did not reach the minimum expected costs of $98,000 and $135,000, respectively.

PlanB had previously stated that if Bitcoin did not reach $100k in December, his stock-to-flow model would be invalidated, but he now appears to be changing his mind. Instead, PlanB stated in a recent tweet,

Let me be clear:
1) Nov98K & Dec135K miss = FLOOR MODEL FAIL
2) Dec100K miss: I have said earlier that if BTC<$100K Dec2021, then S2F is “off the rails” “invalidated” “dead”. Tbh that was an ill attempt to clarify “$100K average this cycle” & regression analysis. S2F MODEL INTACT pic.twitter.com/LRdfLinTm4

— PlanB (@100trillionUSD) December 24, 2021

PlanB, reportedly stated this summer that if the Bitcoin price did not reach $100,000 in December, he would consider S2F useless.

Related article | Plan B: The Next 6 Months Will Make Or Break Famed Bitcoin Model

Is Next Year PlanB’s Plan B

Following criticism over Twitter statements he claims were misinterpreted, PlanB noted that Bitcoin would continue to follow his model’s projections.

Investors and experts are split. While many investors are debating if the floor model failure marks the end of S2F, Willy Woo, a Bitcoin on-chain analyst, has a different perspective. PlanB’s opinion did not define S2F, according to Woo, because models existed independently of their designers. He wrote on Twitter,

“A model is a model. We can look back on it years from now and know whether it gets invalidated. Certainly not from some arbitrary line in the sand, even if it’s from the creator.”

While a prediction from the recently invalidated floor model of $135,000 this month proved to be unduly optimistic, that figure as an average price for this half cycle remains in play. PlanB has previously stated that models do not have to be perfect in order to work.

Related Reading | Why This U.S. Congressman Compared Bitcoin Investment With Playing The Lottery

• Analyst says the miss is a surprise, “a black swan”
• Bitcoin price has faced increased sell-off pressure in the last two weeks
• As of writing, BTC is trading near $55,000, after having touched a 30-day low of $54,311 early Friday
• PlanB reiterates that Bitcoin price could still hit $100,000 by the end of 2021

PlanB, the analyst behind the stock-to-flow (S2F) model that has projected Bitcoin price surging beyond $100,000 by the end of the year, has admitted his prediction of $98,000 at the end of November might be a “first miss,” since he started charting BTC’s monthly targets.

While he maintains that Bitcoin price will still hit its S2F milestones, he has come out to say this one (the $98k target) is “an outlier” that has not happened before in the past ten years.

Where’s the Bitcoin price today?

Bitcoin rallied to a new all-time high of $69,044.77 on 10 November according to data from CoinGecko, an analytics platform that tracks and aggregates BTC price on all the major trading platforms.

Since then, the benchmark crypto’s price has spiraled lower and currently sits around 20% off that landmark level. As of writing, Bitcoin is at $54,488, nearly 5% in the past 24 hours and over 15% in the past two weeks.

With downside pressure across the markets and sentiment south only days to the end of November, PlanB has acknowledged the monthly close will not hit the targeted price.

Floor model $98K Nov close will probably be a first miss (after nailing Aug, Sep, Oct). S2F model not affected and indeed on track towards $100K. pic.twitter.com/QO3bRUoGo3

— PlanB (@100trillionUSD) November 25, 2021

“An outlier, a black swan”

PlanB says the fact that Bitcoin has failed to break higher is a surprise, but does he think Bitcoin can still hit $100,000 this year?

According to him, that’s still the prediction based on the stock-to-flow model.

He says the target set to be missed (November), was modeled on the prediction tool dubbed “floor model” and not S2F. Thus, Bitcoin will still hit the targeted $100,000.

“I see this miss as an outlier, a black swan that has not occurred in the data last 10 years,” he noted as some on crypto Twitter seized on his admission to criticize him.

Notably, PlanB was spot on with his Bitcoin prices for August and September at $47,000 and $43,000 respectively. The monthly close for October was however about 3% off, with Bitcoin priced around $63,000 at the time.

Some observers say the ‘second miss’ is an indicator that the analyst’s predictions are misleading. However, as with many other investors and traders, PlanB says people need to take responsibility for their investments.

It is indeed absurd that when you publish information for free, somehow people make you responsible for their investment decisions and actions. Everybody is responsible for their own (investment) decisions and actions. Blaming others is a sign of immaturity: NGMI.

— PlanB (@100trillionUSD) November 25, 2021