STOCK-TO-FLOW CREATOR SAYS NO TOP IN SIGHT FOR BITCOIN, STANDS BY YEAR-END 6-FIGURE BTC PREDICTION!!

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Published at : September 13, 2021
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Quantitative analyst PlanB says Bitcoin is still on track to reach his bold end-of-year BTC price prediction.

The pseudonymous analyst tells his 736,300 Twitter followers that the stock-to-flow model (S2F), which he popularized in the cryptocurrency space, still forecasts a six-figure price for BTC by Christmas.

β€œBaseline S2F forecast of $100,000 by Christmas still stands (or more precise: $100,000 average for this halving period 2020-2024).

On-chain (non-S2F) indicator shows no sign of a top yet (no red dots). This is in line with S2F forecast.”

In other trending Bitcoin News today: El Salvador buys the dip as Bitcoin price flash crashes to $42.9K!

Salvadoran President Nayib Bukele confirmed that his government bought the dip by snatching up 150 BTC during the depths of the selloff. As Cointelegraph reported, El Salvador made its first BTC purchase Monday on the eve of the Bitcoin Law coming into effect. The initial purchase of 200 BTC was valued at roughly $10.4 million.

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Show Notes / News Resources:
βœ” Bitcoin Technical Analysis: https://bit.ly/3BRY9DH
βœ” El Salvador Buys the BTC Dip: https://bit.ly/3lbzraW
βœ” Steph Curry Ask for Crypto Advise: https://bit.ly/3BQXcLP
βœ” Stock-to-Flow 6-Figure Bitcoin: https://bit.ly/2X5Erpo

πŸ”΄ DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make.​​​​​​​​ Always do your own research and never invest what you cannot afford to lose.

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