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Bitcoin S2F Creator PlanB Thinks BTC Will Reach $135k By December

Bitcoin S2F Creator PlanB Thinks BTC Will Reach $135k By December
Creator of the popular Bitcoin price prediction chart “stock-to-flow”, PlanB, puts $135k target for BTC by December 2021. What Is The Bitcoin Stock-To-Flow Model? The BTC stock-to-flow (S2F in short) method is a price prediction model popularized by PlanB. S2F is based on the ratio between the stock (current supply) and the flow (annual production). It’s often thought that PlanB is the creator of the S2F model itself, however, that isn’t the case. The method has been used in the past for other assets like gold and silver, but PlanB was the first to implement it for Bitcoin. In this way, PlanB is the creator of the Bitcoin S2F chart, although not the core concept itself. The stock-to-flow value of an asset like BTC shows how scarce it is. The model relates this value with the price and gives a prediction based on that. Here is the latest price chart based on the S2F model for BTC: Bitcoin price according to the S2F model | Source: buybitcoinworldwide As is visible in the above chart, the method has been remarkably close to the real thing in its predictions. Although there have been a few points of deviation, the price has always eventually aligned back on the curve. Related Reading | Bitcoin Jumps 10% In 24 Hours, Dead Cat Bounce Or Real Move Ahead? PlanB Thinks BTC Could Reach $135k By December At the start of the month, PlanB listed out their Bitcoin targets in a Tweet. Earlier, the analyst had targets of above $47k for August and above $43k for September, both of which the tweet confirms have been met. Next targets for the S2F popularizer include more than $63k for October, above $98k for November, and finally at least $135k for December. According to the S2F model, Bitcoin should reach $100k by December and these targets seem to be in line with that. Reaching $100k by December will be a make or break moment for the famed price prediction model as the month is only a couple of months away now. At the moment, BTC’s price floats around $47.6k, up 10% in the last seven days. Related Reading | TA: Bitcoin Turns Green, Why BTC Could Soon Breach $50K Here is a chart showing the trend in the price of BTC over the last five days: BTC's price seems to have flattened in the last few days after a sharp move up | Source: BTCUSD on TradingView Bitcoin volatility had seemed to have made a return over the last few weeks as the price showed a lot of chaotic movements over the month of September. But the coin’s value has again flattened now and it’s unclear when a move in either direction will happen. Though if the S2F model is anything to go by, a move up will need to happen soon. shares this Contents always with License.

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