Renowned on-chain analyst and brainchild of the popular Bitcoin stock-to-flow model, ‘PlanB’, has posted an update to the model and some latest predictions on the current bull market.
This is the fourth cycle since the asset’s inception in 2010 and one that could go much higher than current levels if history rhymes.
Bitcoin has made solid gains every month since the bull market began in December 2020 and we are only three and a half months into it according to this particular pricing model.
December close: $28,992
January close: $33,141
February close: $45,240
March 17 price: $55,000
We are only 3.5 months into the #bitcoin bull market. IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher). pic.twitter.com/skS6a7pepu
— PlanB (@100trillionUSD) March 17, 2021