Bitcoin could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon.
In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move.
With BTC/USD trading at $47,000 this week, PlanB has a lot to be confident about.
His recent prediction of a minimum monthly close for August exactly matches current prices — and if the remaining four are just as accurate, Bitcoin could end 2021 at $135,000.
Stock-to-flow’s first incarnation demands an average BTC price of $100,000 this halving cycle, but May’s about-turn gave its time-tested precision a run for its money.
