Creator of the Bitcoin stock-to-flow model Plan B said BTC would continue its current bull run and exceed $100,000. Plan B stated the price prediction in a recent tweet. The stock-to-flow model creator highlighted the closing prices for BTC over the past 3 months and its current trading price. The tweet further said:
“We are only 3.5 months into the Bitcoin bull market. IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher).”
As Bitcoin declined after reaching its most recent all-time high, the king coin has been the topic of discussion on social media platforms. At press time, Bitcoin is up 4.95% to $58,109.08.
Although several investors are curious about the 2021 bull run, stock-to-flow followers are optimistic that the leading crypto asset is just getting started.
Last year, Plan B said that Bitcoin was heading to $288,000 and would go higher “like clockwork.” In a recent interview, Cointelegraph reiterated that Bitcoin is currently following the stock-to-flow line trend like PlanB described in 2020.
In a tweet, crypto trader and analyst Rekt Capital said that Bitcoin is “perfectly” following the stock-to-flow trajectory. The analyst added:
“But Bitcoin hasn’t deviated from it – yet.”
Replying responses to the tweet, PlanB said that the current BTC bull run still has “at least some more months to go.”
Image Credits: Pixabay
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