HomeNewscoinquora.comSanta Is Bringing Bitcoin (BTC) To $100K for Christmas

Santa Is Bringing Bitcoin (BTC) To $100K for Christmas

- Advertisement -


Santa Is Bringing Bitcoin (BTC) To $100K for Christmas
  • Bitcoin’s price will hit $100,000 by Christmas.
  • Crypto analyst — PlanB made the forecast based on Bitcoin’s S2F model.
  • Many others believe that Bitcoin will certainly hit $100,000 by the end of 2021.

Crypto analyst — PlanB (@100trillionUSD) shares a tweet about the price of Bitcoin’s possible trajectory by the end of this year. To be specific, PlanB believes that the price of Bitcoin will go up to $100,000 by the time Christmas comes around.

In detail, the tweet sports a chart that displays Bitcoin’s (BTC) price range since its inception. Clearly, we can see how Bitcoin has been on the rise so far. Using this Stock to Flow (S2F) model, PlanB stresses the possibility for Bitcoin’s price to rise much higher.

Specifically, the tweet highlights that the baseline S2F forecast says that $100,000 for Bitcoin’s price by Christmas is very likely. To be more precise, it says $100,000 is the average during the halving period of 2020-2024.

Meanwhile, the on-chain non-S2F indicator does not show any sign of a top as of right now. This works out well with the S2F forecast, says PlanB.

The Stock to Flow model is a reliable way to measure the abundance of any particular resource. Usually used to measure natural resources, it also comes in handy for measuring the value of cryptocurrencies.

PlanB hosts a pretty reliable platform to analyze the price of Bitcoin (BTC). The known analyst has over 700,000 followers on Twitter. While PlanB clearly states that their words should be taken as information, not advice, most crypto traders and analysts flock to hear their thoughts.

At the time of writing, Bitcoin is in the middle of a rally. Over the past couple of weeks, BTC’s price has been surging quite nicely. Presently, the price of Bitcoin is $51.734.43. According to many, like Nexo’s co-founder and other high-profile analysts, the price of Bitcoin will hit $100,000 by the end of this year.





Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,548FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 57,793.00
ethereum
Ethereum (ETH) $ 4,663.59
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 574.09
litecoin
Litecoin (LTC) $ 210.79
eos
EOS (EOS) $ 4.05
okb
OKB (OKB) $ 24.31
tezos
Tezos (XTZ) $ 5.62
leo-token
LEO Token (LEO) $ 3.41
cardano
Cardano (ADA) $ 1.57
monero
Monero (XMR) $ 243.16
stellar
Stellar (XLM) $ 0.343542
chainlink
Chainlink (LINK) $ 26.00
huobi-token
Huobi Token (HT) $ 9.77
tron
TRON (TRX) $ 0.097523
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 181.92
neo
NEO (NEO) $ 38.00
iota
IOTA (MIOTA) $ 1.45
nem
NEM (XEM) $ 0.1748
zcash
Zcash (ZEC) $ 225.19
maker
Maker (MKR) $ 3,096.18
paxos-standard
Pax Dollar (USDP) $ 0.999575
ethereum-classic
Ethereum Classic (ETC) $ 48.71
vechain
VeChain (VET) $ 0.121251
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 51.16
kucoin-shares
KuCoin Token (KCS) $ 26.78
waves
Waves (WAVES) $ 21.64