Plan B, the pseudonymous creator of the Bitcoin stock-to-flow model, has taken to Twitter to present what could be one of the most bullish data to the Bitcoin community.
Bitcoin could surge past $200k this year
The stock-to-flow model, with which the creator and other Bitcoin proponents have relied on to predict the price of Bitcoin, is now pointing at the possibility of the second phase of the Bitcoin bull rally.
The stock-to-flow model, which had previously accurately predicted Bitcoin’s price since the year began is now pointing at a price mark of nearly half a million dollars by the year 2022.
By the end of the year, Bitcoin is also poised to surge well over $100,000 according to the same data. Interestingly, the Bitcoin S2F model and On-chain data have followed the same pattern, as they imitate each other in terms of price movement. The data also seems to imitate the 2013 bull run.
Just to confirm: both my S2F(X) model and on-chain signal point towards a second run of this bull market