PlanB: Bitcoin Set For Leap To $100,000
PlanB is still confident and says we are on track to see Bitcoin hit $100,000 in 2021 per his S2F model:
Bitcoin Perfectly Set Up for Leap Towards $100,000, Says Crypto Analyst PlanB
The S2F, traditionally used in commodities markets like precious metals, compares the price of an asset versus the amount of new supply. Plan B has amassed a massive following with the stunning accuracy of the S2F and the S2FX, a variation of the S2F, which also takes into account gold and silver’s performance to reach a price estimation for Bitcoin.
In a new tweet, Plan B notes that a new colored dot, representing the close of another month on the S2FX model, is slightly down from last month, looking like a potential slingshot upward into the six figures.
“New dot… slightly down after 6 months up… looks like the perfect setup for jump towards $100,000.
April close $57,200
March close $58,782
Feb close $45,240
Jan close $33,141
Dec close $28,992
Nov close $19,700
Oct close $13,816
Sep close $10,778.”