The Bitcoin price is back on track to hit $100,000, says popular crypto analyst PlanB.
PlanB’s Bitcoin predictions have made it all the way to CNBC.
The stock-to-flow ratio shows the BTC price right on target after nearly running into a ditch.
Stock-to-flow measures the amount of new supply that’s entering the market for a given asset against its current available supply.
It’s often used to gauge the future price of precious metals like gold.
In other Crypto news today:
We bring you the latest Ripple (XRP), Litecoin, and Ethereum Updates.
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