According to the S2F model, the price of BTC will reach $ 135,000 by the end of the year

As the cryptocurrency market strives to surpass the $2 trillion valuation, bitcoin's rate has risen to $47,000.Behindthe last three months, the price of BTC crossed this mark for the first time.

As it turns out, Bitcoin follows the model very closely.Stock-to-Flow (S2F) developed by the popular cryptanalyst PlanB. In June 2021, when BTC was trading below $ 35,000, Plan B gave its forecast for the months following August. In accordance with it, by the end of December 2021, the BTC price will reach $ 135,000.

✅ Aug > $47K https://t.co/tj6SSwSzKR

- PlanB (@ 100trillionUSD) August 13, 2021

Along with the current spike in prices, Bitcoin has also seen significant improvements in network metrics.

In particular, bitcoin miners continuedaccumulation - over the past month, the balance of miners has been constantly growing, which is a good sign. This means that they expect further growth in the price of bitcoin, so they do not want to take profits now.

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Network data analytics company Santimentreports that the supply of bitcoins on exchanges fell to a two-week low. This is an encouraging sign suggesting that a large amount of BTC will go to cold wallets.

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Glassnode made a similar observation regarding bitcoin outflows:

"Bitcoin continued to leave exchanges in August at a rate ofThis outflow rate is similar to the period between 2020 and the first quarter of 2021, when large savings and arbitrage trading of GBTC prevailed."

#Bitcoin has continued to flow out of exchanges in August at a rate between 75k and 100k per month.

This magnitude of outflow is similar to the period between 2020 and Q1 2021, where heavy accumulation, and the GBTC arbitrage trade dominated.

Live Chart https://t.co/q9xOEQdXk4 pic.twitter.com/UHF6oqhRPL

- glassnode (@glassnode) August 12, 2021

At the moment, all indicators speak of strengthBitcoin, which allows us to hope for growth to the level of $ 50,000. It is worth noting that as a result of the recent rally in altcoins, the dominance of Bitcoin in the crypto space has slightly decreased to 44.9%.

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	FTX	https://ftx.com	7.5
3	Bybit	https://bybit.com	7.2
4	OKEx	https://okex.com	7.1
5	Exmo	https://exmo.me	6.9

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

• Work reliability&#8212; 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.
• Platform capabilities- availability of additional features: futures, options, staking, NFT, etc.
• 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.

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