The author of the Stock-to-Flow (S2F) model claims that the next months will be key for the main cryptocurrency.
PlanB analyst, author of the Stock-to-Flow (S2F) model, predicted that the price of bitcoin will reach $ 100 thousand by the end of this year.
According to the analyst, the next months will be key for the course of the main cryptocurrency. On August 31, the digital coin is trading at $ 47.5 thousand.
#bitcoin stock-to-flow model predicts $100K by Christmas, time model (diminishing returns, lengthening cycles) $30K. Next months will be key. Note that color overlay is on-chain signal (not time to halving), indicating we are between bottom (blue) and top (red), in line with S2F. pic.twitter.com/OS0pAKduq4
— PlanB (@100trillionUSD) August 27, 2021
The Stock-to-Flow (S2F) model predicts the value of bitcoin by calculating the ratio of the total available supply of an asset to its annual growth.
The cost of bitcoin in August for the first time since mid-May exceeded $ 50 thousand. Over the month, the main cryptocurrency has risen in price by 34%. Bitcoin capitalization exceeded $ 894.7 billion.