BTC rate will reach $ 100,000 by August 16, 2021 on S2F model

The price of bitcoin will reach $100,000 next summer, on August 16, 2021.This is evidenced by the popular Stock-to-Flow model(S2F) used in the gold market.

The graph was published by an analyst under the pseudonym Bit Harrington.He added that the value seems to him too high for such a period, but noted that bitcoin has always gone against the bearish mood.

Exactly one year from now (16 Aug 2021) the Bitcoin stock-to-flow price model predicts 100K for the first time ?? pic.twitter.com/CkaYeW2yWJ

— ₿it Harington (@bitharington) August 16, 2020

Analyst and ceo Mark van derChiez retweeted the message and explained why the forecast doesn't lookImpossible.

Most people think this is impossible, but I have seen a 1000% increase in less than a year at least twice before in BTC (2013 & 2017).S2F is holding up pretty well after the halving, if FOMO will start again anything is possible.https://t.co/rOf63ud0zK

— Marc van der Chijs — new account (@marcvanderchijs) August 16, 2020

“Many people think that this is impossible, but Ihas seen 1,000% growth in less than a year at least twice in BTC history (in 2013 and 2017). S2F holds up pretty well after the halving. If the fear of lost profits resumes, anything is possible. "- he wrote.

On the same day, Plan B analyst, firstwho applied S2F to Bitcoin presented a graph confirming that the latest BTC price movements were consistent with the applied model. According to his forecast, Bitcoin could close the month at around $ 14,000 for the first time since 2017.

The S2F model is based on the ratio of the asset's market supply to its annual growth. Its main essence lies in the theory that the rarer the asset, the more valuable it is.

Plan B suggested moving away from the USD BTC valuation and switching to gold. At the moment, one bitcoin is worth six ounces, and its price continues to rise.

Previously, specialists from Weiss Crypto RatingsBased on S2F, they predicted a Bitcoin rally to $70,000 by the middle of next year. Plan B stated that according to the model, the price of the cryptocurrency would reach $100,000 by the end of the plan.

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