STOCK-TO-FLOW CREATOR SAYS NO TOP IN SIGHT FOR BITCOIN, STANDS BY YEAR-END 6-FIGURE BTC PREDICTION!!

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Bitcoin $450K Prediction

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Quantitative analyst PlanB says Bitcoin is still on track to reach his bold end-of-year BTC price prediction.

The pseudonymous analyst tells his 736,300 Twitter followers that the stock-to-flow model (S2F), which he popularized in the cryptocurrency space, still forecasts a six-figure price for BTC by Christmas.

“Baseline S2F forecast of $100,000 by Christmas still stands (or more precise: $100,000 average for this halving period 2020-2024).

On-chain (non-S2F) indicator shows no sign of a top yet (no red dots). This is in line with S2F forecast.”

In other trending Bitcoin News today: El Salvador buys the dip as Bitcoin price flash crashes to $42.9K!

Salvadoran President Nayib Bukele confirmed that his government bought the dip by snatching up 150 BTC during the depths of the selloff. As Cointelegraph reported, El Salvador made its first BTC purchase Monday on the eve of the Bitcoin Law coming into effect. The initial purchase of 200 BTC was valued at roughly $10.4 million.

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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/nba-star-steph-curry-asks-twitter-for-crypto-advice

https://cointelegraph.com/news/el-salvador-buys-the-dip-as-bitcoin-price-flash-crashes-to-42-9k

https://cointelegraph.com/news/analysts-point-to-overleveraged-traders-after-bitcoin-flash-crashes-to-43k

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