April 25, 2024

According to the S2F model, the price of bitcoin will reach $ 135,000 by the end of 2021

According to the S2F model, the price of bitcoin will reach $ 135,000 by the end of 2021

Analyst PlanB, whose comments are closely followed by many members of the crypto community, expects that inBitcoin (BTC) will see a parabolic rise in the next few months.

PlanB is the creator of the Stock-to-Flow modelBitcoin (S2F), which predicts the price of the flagship cryptocurrency based on the number of new coins entering the market each year relative to the existing supply.

In an interview with Unchained Podcast, the Bitcoin analyst calls his S2F model a reliable indicator that allowed him to correctly predict BTC prices in August and September.

The model that got the most attention forthe last couple of months, there has been a floor model because I predicted on June 20th. By the way, that was when the CEO of Guggenheim said that bitcoin would fall below $ 20,000, and I said, "No, no, no, it will be $ 47,000."

And bitcoin at that time was below $ 34,000. And I noticed: "In August, the price will close above $ 47,000. In September, it will slightly decline, but close above $ 43,000, and in October it will close above $ 63,000."

The trader added that if BTC continuesfollowing the minimum price forecasts for its S2F model, it could rise more than 44% in November from its current price of about $ 60,000 and hold another major rally in December.

"If this continues, and I'll be very surprised if it doesn't.It will be a black swan event that we haven't seen in the last ten years.

If this continues, we'll be at $98,000 in November and $135,000 in December, so it's going to be a really good Christmas this year.

Despite the expectation of a significant increase in pricesIn the coming months, PlanB does not rule out that Bitcoin could avoid another major retracement that has historically followed every major bull cycle.

«I think we will be driven by greed now, fear later, and we will see another 80% correction after we get over a couple hundred thousand dollars.»

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

According to the S2F model, the price of bitcoin will reach $ 135,000 by the end of 2021

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