BTC price will exceed $ 100,000 by 2021, according to S2F model

This week, from February 9 to 10, Bitcoin (BTC) crossed the $10,000 level, and then experienced a correction to a locala minimum of $ 9735.

From 18:00 MOSCOW, February 11, in just an hour, the Bitcoin exchange rate rose by $ 300 from $ 9855, breaking through $ 10,000 again. The resistance level of $ 10,200 was overcome by the main cryptocurrency around 3:00 Moscow time on February 12, and a local maximum of $ 10,288 reached at 4:44 Moscow time (according to CoinMarketCap). At the time of the preparation of this material, the Bitcoin exchange rate was $ 10,380.

PlanB forecast for halving

Bitcoin price forecasts are still largely bullish, especially since only 90 days are left before the May halving.

PlanB analyst, relying on his widely knownThe S2F (stock-to-flow) model, which takes into account the relationship between the mined bitcoins and the available stock of coins, predicts that in 2020 bitcoin will remain above $ 8,200 and that the price closer to halving will be above $ 10,000.

My 2 cents on #bitcoin price:
— 2019: btc stays above 200-week moving average (now $3200 and historically never declined)
— 2020 halving: will be around $8000 (blue), on trend-line like 2012 & 2016
— 2021: bull run starts after the halving (red) and tops $100k in 2021 (orange) pic.twitter.com/UpRKDPRswM

- PlanB (@ 100trillionUSD) January 9, 2019

“... in 2020, the cost of BTC will remain above $ 8,200(therefore, there is no question of the levels of $ 6,000 or $ 4,000 that other analysts are talking about now); in the May halving area of ​​2020, bitcoin will be above $ 10,000; in 2021, the bullish rally will begin after halving, and bitcoin will exceed $ 100,000 until December 2021. "

In another interpretation, PlanB analysis looks like this:

“... in 2019, BTC remained above the 200-week MA(now $ 3200 and historically never declines); halving 2020: BTC will be about $ 8000 (blue dot) on the trend line, as in 2012 and 2016; 2021: The bullish rally will begin after halving (red dot), and Bitcoin will step through $ 100,000 in 2021 (orange dot). ”

PlanB's S2F Model Predicts Huge GrowthBitcoin after the May Halving (similar to the previous two Halving in 2012 and 2016). In accordance with the S2F chart, big jumps in the price of bitcoin occurred in the years following halving (2013 and 2017, respectively).

If history repeats itself, then in 2021 it maya similar price spike above $ 100,000 will occur. PlanB says that, in fact, the prices after previous halvings were higher than those calculated by the S2F model. This time, apparently, we are also talking about exceeding the level of $ 100,000.

The S2F model also indicates that a six-figure price can occur at any time between the events of halving 2020 and 2024, so that $ 100,000 can come to us in a couple of years.

Halving analysis usually reflectsonly the technical aspects of the economic model of Bitcoin, without considering such fundamental factors as new global financial shocks or geopolitical tensions that can force people to resort to safe haven assets.

</p>

Rate this publication