Bitcoin bounces to $30.7K as analyst presents Stock-to-Flow BTC price model rehash
Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wall Street provides short-term relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining steadily to hit $30,670 on Bitstamp before consolidating. The mood among stocks was more solid during […]
Brock Pierce and Tom Lee tip $200K BTC in 2022, despite missing the mark in 2021
Despite missing the mark with their $100,000 Bitcoin price predictions in 2021, Former Chief Strategy Officer at Block One Brock Pierce and co-founder of research firm Fundstrat Global Advisors Tom Lee are both tipping Bitcoin could hit $200,000 in 2022. Essentially they are doubling down on their ambitious projections for 2022, even though Bitcoin’s high […]
Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts December sub-$57K
Bitcoin (BTC) has failed to hit the November closing price demanded by one of its best-known models — but its creator is not giving up. In a Twitter post on Dec. 1, PlanB said that he would give his floor model one more month to prove itself. BTC floor model on probation BTC/USD should have […]
New ATH renews faith in PlanB’s prediction of $98K BTC by December
Bitcoin (BTC) has broken into new all-time highs, with the asset last changing hands in the mid $67,000-range. During the final hour of Nov. 8 UTC time, BTC pushed into uncharted prices, with bulls firmly taking control of the markets as price action retested Oct. 20’s previous high of roughly $67,000. BTC/USD: TradingView The milestone […]
Bitcoin bull market ‘2nd leg has started,’ says BTC price model creator
Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg” of what appeared like a long-term bull market. #bitcoin bull market, 2nd leg […]
Bitcoin bulls target prices above $58K ahead of Friday’s $820M options expiry
Everyone is talking about a six-figure Bitcoin (BTC) price now that the digital asset has broken out of its multi-month downtrend and confirmed that a bullish trend is in play. If Bitcoin happens to enter a parabolic move toward $110,000, that would finally match PlanB’s Stock-to-Flow model prediction. According to the pseudonymous analyst, the scarcity […]
Analyst nails Bitcoin monthly close 2 months running — his October target is $63K
Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC monthly close matches PlanB prediction Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels before […]