Accomplished analyst PlanB expects Bitcoin (BTC) to stage a massive parabolic rally in the next few months. The famous analyst draws attention to his predictions as he correctly predicted Bitcoin’s August and September closing prices. It should also be noted that the S2F model developed by the analyst draws the trajectory of Bitcoin correctly. Cryptocoin. com, we have compiled the details of the analyst’s predictions for you, let’s examine the subject together…
PlanB: Bitcoin price has known the August and September closing prices!
PlanB is the inventor of the Bitcoin Stock to Flow (S2F) model, which attempts to predict the price of the leading cryptocurrency by measuring the amount of new supply that enters the market each year compared to the amount that already exists. The famous analyst correctly predicted Bitcoin’s August and September closing prices in his previous statements.
Therefore, there are investors who follow the analyst’s forecasts closely. PlanB now expects Bitcoin (BTC) to stage a massive parabolic rally in the next few months.
The model that attracted the most attention in the last few months was the base model. Because I predicted it on June 20. Meanwhile, that was when the Guggenheim chief of staff predicted that Bitcoin would drop below $20,000. So I guessed that same day: “No, no, no it goes to $47,000. “And Bitcoin was under $34,000 at the time. “Well, it will close above $47,000 in August,” I said. It drops a little in September but will close above $43,000 and in October above $63,000.
PlanB: Bitcoin will be at these levels in October, November and December!
If BTC continues to follow the base price predictions of the S2F pattern, the analyst says it could rise above 44% from its current price of around $60,000 in November and stage another major rally in December. PlanB adds the following to its explanations on the subject:
I’d be very surprised if this continues and frankly doesn’t, this would be a black swan thing we haven’t seen in the last decade. But if this continues, Bitcoin will already go to $98,000 in November and $135,000 in December. So if that happens, it’s going to be a really nice Christmas this year.
PlanB: We’ll see an 80% crash after we hit a few hundred thousand dollars
Although he expects massive price gains in the coming months, the analyst doesn’t think Bitcoin can avoid another major correction that has historically followed every major bull cycle. PlanB adds the following to its explanations on the subject:
I don’t think the world is ready for hyperbitcoinization or super cycle yet.
I think we’re going to be driven by greed and then by fear, and we’re going to see an 80% collapse after we hit a few hundred thousand dollars.