The world of cryptocurrency is once again abuzz with excitement as the renowned Stock-to-Flow (S2F) model, popularly known as “Plan B,” maintains its bold prediction for Bitcoin’s next target: $87,000. According to the latest update, Plan B asserts that the BTC price is “still on track” toward achieving the coveted six-figure milestone, igniting anticipation and speculation among crypto enthusiasts.
Plan B’s S2F model has gained significant credibility for its historical accuracy in predicting Bitcoin’s price movements based on the asset’s scarcity. As the crypto market experiences fluctuations influenced by various factors, the consistency of Plan B’s projections has captured the attention of both seasoned investors and newcomers alike.
The article highlights the confidence expressed by Plan B in Bitcoin’s trajectory, affirming that the cryptocurrency is steadfastly moving toward the $87,000 mark. Understanding the basis of this prediction involves delving into the Stock-to-Flow model, which factors in Bitcoin’s production rate and circulating supply to estimate its future value.
For investors navigating the volatile crypto landscape, the reassurance from Plan B may provide a sense of confidence in the midst of uncertainty. However, it’s crucial to acknowledge that the market can be unpredictable, and external factors such as regulatory developments, macroeconomic trends, and market sentiment can influence the trajectory of digital assets.
As Bitcoin enthusiasts eagerly await the realization of this $87,000 target, it’s essential to approach such predictions with a balanced perspective. While the S2F model has been remarkably accurate in the past, unforeseen events can impact market dynamics. Investors are encouraged to stay informed, conduct their research, and consider various factors when making decisions in the crypto space.
The journey toward six-figure territory for Bitcoin remains an intriguing narrative in the evolving landscape of digital currencies. As Plan B’s projections continue to capture the imagination of the crypto community, eyes will be glued to the charts to see if Bitcoin can indeed reach the anticipated $87,000 milestone. Whether this becomes a reality or introduces new twists to the crypto saga, only time will unveil the next chapter in Bitcoin’s remarkable journey.
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TOP ANALYST PREDICTS BITCOIN WILL HIT $100K IN APRIL!! NETFLIX NEXT BIG GIANT TO INVEST INTO BTC?!!
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A widely-followed trader and crypto analyst believes Bitcoin will ascend to a new high of $100,000 sooner than most investors think.
The pseudonymous trader Kaleo tells his 77,000 Twitter followers that the correction across the BTC and crypto markets is likely over.
âSale ends today. Buy more nowâŠ
Good morning and happy Monday. Bitcoin higher. Alts higher. Stonks higher. Bears trembling.â
With the correction out of the way, Kaleo says BTC is poised to begin a fresh rally that will catapult the leading cryptocurrency to gains of over 100% in the coming months.
âBitcoin/BTC Send it to $100,000.â
According to the crypto trader, he used Bitcoinâs price action during the 2017 bull market and overlaid it on BTCâs current rally. Based on Kaleoâs chart, the leading cryptocurrency could hit $100,000 in April.
The crypto analyst is also looking at two altcoins that he believes have strong bullish potential.
The top token on Kaleoâs radar is decentralized exchange SushiSwap (SUSHI). Kaleo believes SUSHI is gearing up for a move above $30 as it follows Uniswapâs (UNI) footsteps.
The second coin on Kaleoâs list is blockchain gaming platform Enjin Coin (ENJ), which he says is a buy on dips as he expects it to soar in the coming days.
âExpecting a day or two of accumulation in the 70 to 80 cents range before making the move to $1.00+.â
The crypto strategist highlights that his rosy outlook on the ENJ is also rooted in its strong fundamentals.
âAnother reason why Iâm so bullish on ENJ is their involvement in the gaming NFT space, which is a market with huge growth potential going forward. Relative to other names in this space, ENJ has been relatively quiet so far.â
In other trending Bitcoin News today:
Netflix âmightâ be next Fortune 100 firm to buy Bitcoin â Tim Draper
Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper.
In an appearance on the Unstoppable Podcast on Feb. 28, the serial investor and hodler forecast that out of all possible candidates, Netflix is his pick for putting BTC on its balance sheet.
âYou know who it might be? Netflix,â he said.Â
âI think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at Netflix and so I think that might be the next big one to fall.â
The prediction comes as telltale signs of institutional buy-ins continue to surface at current prices, with $48,000 seeing multiple large transactions at Coinbase Pro over the past week. Classic buyers MicroStrategy and Square both added to their positions.
Ever the optimist, Draper also considered that Amazon would add a direct Bitcoin payment option in future.Â
âAmazon will probably start accepting Bitcoin pretty soon,â he said, noting that consumers have been able to buy products indirectly using cryptocurrency for many years.
Amazon added Ethereum availability to its Managed Blockchain this week.
Bitcoin itself meanwhile saw a change in fortunes on Wednesday, exiting the $40,000 corridor to hit highs of $52,593 â the most since Feb. 25.Â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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Let me help Peter. Gold is hyped as much as Crypto. Do we really need gold jewelry? Gold can make you a ring. BTC/Eth are technologies that can make you a banker, allow friction free exchange of value and are extensible into an unlimited range of biz and personal applications https://t.co/pJPdEAl5gq
â Mark Cuban (@mcuban) March 2, 2021
https://cointelegraph.com/news/netflix-might-be-next-fortune-100-firm-to-buy-bitcoin-tim-draper
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BITCOIN PRICE METRIC SUGGEST K SURGE AFTER U.S. ELECTIONS!! EXPECT MASSIVE BTC SHORTAGE!!
âĄïž Leverage OPM (Other Peopleâs Money): http://100.cryptonewsalerts.net
The Bitcoin price has support to climb all the way to $15,000 per BTC if historic trends repeat themselves this year, a new report says.
Compiled by crypto index fund provider Stack Funds on Oct. 15, the report highlights Bitcoinâs market cap vs. realized cap ratio (MVRV) fueling gains, which could smash $12,000 resistance.
The BTC price has yet to attempt a breakout of $12,000, seeing rejection at $11,700 this week.
This has failed to dent optimism among analysts, who believe that $11,000 will provide solid support.
Going forward, however, the period following the United States elections in early November may result in more upside.
For Stack Funds, this hinges on the MVRV ratio. This is currently at 1.8, with signs that a retest of 2.5 from 2019, when BTC/USD hit $13,800, is in play.
âThe current MVRV ratio is at 1.8, and is purportedly well supported by the trendline where bitcoin bottomed back in late 2018. The trend is also painting a similar trajectory as it did back in the 2017 bull run, with a steady growth inclination that tested an identical support trendline multiple times,â the report states.Â
âGiven the strength in support, we are expecting a significant break of 2.0 in the near term as it looks to retest the 2019 peak at 2.5, which will put Bitcoin price above the $15,000 level.â
Stack also noted increasing institutional interest in Bitcoin as cementing the idea that the future is firmly bullish for price action.
Stone Ridge investing $115 million followed Squareâs $50 million purchase, both gaining publicity on the back of MicroStrategyâs larger $425 million treasury investment.
Bitcoin futures open interest is also climbing this month, signaling that institutional activity is picking up once more.
âWe further view that a re-positioning is occurring in the market with a possible shift in the economic climate, as futures volumes and open interest are starting to recover,â Stackâs report explains.Â
âOur eyes are peeled on the $12,000 key resistance level, as we expect further consolidation around current levels going into the elections before breaking into the upside going forward.â
In other trending Bitcoin News today:
âShorts Will Be Deadâ â Why Dan Tapiero Expects A Massive Bitcoin Shortage
In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments.
Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC.
Alongside investments from Square, MicroStrategy and Stone Ridge, Bitcoin inflows to Grayscale Bitcoin Trust have surged.
Based on the rapid growth of institutional investments, Tapiero warns that short-sellers could see trouble in the future.
In the third quarter of 2020, the Grayscale Bitcoin Trust recorded an inflow of $1.05 billion.
This marked the firmâs first billion-dollar quarter and also highlights record-high institutional demand.
The firmâs quarterly report reads:
âGrayscale recorded its largest ever quarterly inflows, over $1 billion in 3Q20, making it the third consecutive record-breaking quarter. Year-to-date investment into the Grayscale family of products has surpassed $2.4 billion, more than double the $1.2 billion cumulative inflow into the products from 2013-2019.â
Considering the continuous increase in Grayscale inflow from institutional investors, Tapiero said:
âSHORTAGES of Bitcoin possible. Barryâs Grayscale Trust is eating up BTC like there is no tomorrow. If 77% of all newly mined turns into 110%, itâs lights out. Non-miner supply will get held off market in squeeze. Shorts will be dead. Price can go to any number.â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
SHORTAGES of #Bitcoin possible.
Barry’s @Grayscale trust is eating up btc like there is no tomorrow.
If 77% of all newly mined turns into 110%, it’s lights out.Non-miner supply will get held off mkt in squeeze.
Shorts will be dead. Price can go to any number. pic.twitter.com/4S4TrLNH8J
â Dan Tapiero (@DTAPCAP) October 14, 2020
October is the month I gradually increase my $ALTS exposure, I’ll have at least 15% of my early October $BTC stash converted by months end.
No FOMO needed: smart bidding is the aim for now. I said it in 2019: couple months past halving I accumulate $ALTS big, trigger in motion.
â SalsaTekila (@SalsaTekila) October 10, 2020
âWhy does #bitcoin price not go up with all this institutional buying? Who is selling? BTC price is exactly where it should be, holding firm above $10K, waiting for that one moment .. asymmetrical returns .. patience! pic.twitter.com/pCyftmvHco
â PlanB (@100trillionUSD) October 16, 2020
https://cointelegraph.com/news/bitcoin-price-metric-suggests-15k-surge-after-us-elections-report
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NEW DATA SUGGEST BITCOIN âDOUBLE BUBBLEâ TOP IN 2021 â BTC IS GOING TO $200K!!!!!
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Bitcoin is facing a âdouble bubbleâ and will see two BTC price tops this year, fresh data suggests.
In a tweet on Wednesday, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle.
âNew evidence for a Bitcoin double bubble,â he summarized.
âIn prior cycle tops, bounces were never able to hold unrealized profit and loss above 0.5. Only the 2013 double bubble and today have achieved this.â
In other trending Crypto News today: Facebookâs David Marcus calls for âfair shotâ at crypto payments.
In a newly published Medium piece titled âGood stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment systemâ, Facebookâs crypto pioneer David Marcus shared his views on topics of economic inequality, regulatory challenges and Noviâs proposed stablecoin solution.
âHere at home in America, ⊠our payments infrastructure is arguably the worst of any developed country in the world, and increasingly falling behind, while China is moving with determination and haste to build an infrastructure that will make the digital yuan a challenger to the dollar as the worldâs reserve currency.â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/facebook-s-david-marcus-calls-for-fair-shot-at-crypto-payments
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