Cryptanalyst PlanB Predicts Bitcoin's Parabolic Rise

Analyst PlanB, whose comments are closely followed by many members of the crypto community, expects that inthe next few months Bitcoin will show a parabolic rise.

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 the 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 attracted the most attention forthe last couple of months, there was a floor model because I predicted June 20th. By the way, this was when the CEO of Guggenheim was saying that Bitcoin would fall below $20,000 and I was saying, “No, no, no, it will be $47,000.”

 

And Bitcoin was below $34,000 at the time. And I noticed, “In August, the price will close above $47,000. In September, it will come down a little, but will 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 will be very surprised if this does not happen. This will be a black swan event that we have not 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 significant price increasesIn the coming months, PlanB does not rule out the possibility that Bitcoin may avoid another major correction, which has historically followed every major bullish cycle.

I think that now we will be ruled by greed, later by fear, and we will see another 80% correction after we surpass a couple of hundred thousand dollars.

 

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