Quant analyst PlanB says there’s an indicator suggesting that Bitcoin (BTC) is ready for an accelerated bull market. In a new strategy session on YouTube, PlanB tells his 51,600 subscribers that Bitcoin’s realized cost price, which is the average value of BTC supply calculated at the price at which coins were last moved, is signaling […]
The post Analyst PlanB Says One Signal Suggests ‘Accelerated’ Bull Market Ahead for Bitcoin (BTC) appeared first on The Daily Hodl.
A widely followed crypto analyst says that Bitcoin (BTC) is just about ready to cross a key resistance level that historically starts a bull run. Pseudonymous crypto strategist PlanB tells his 1.8 million Twitter followers that he’s patiently waiting for the top digital asset by market cap to cross its two-year realized price, which currently […]
The post Bitcoin (BTC) About To Flash Signal That ‘Historically’ Marks Beginning of Fresh Bull Runs: Analyst PlanB appeared first on The Daily Hodl.
Widely followed quantitative analyst PlanB says that Bitcoin (BTC) is likely to experience explosive growth heading into next year’s halving event. The pseudonymous quant analyst tells his 1.8 million Twitter followers that Bitcoin will likely follow the stock-to-flow (S2F) model and, before the year’s end, soar more than 588% from its current value of $29,069, […]
The post Quant Analyst PlanB Says Bitcoin’s Exponential Growth To Continue As BTC Halving Approaches appeared first on The Daily Hodl.
Widely followed quantitative analyst PlanB believes that Bitcoin (BTC) is in the early days of a fresh bull market. The quant analyst tells his 1.8 million Twitter followers that Bitcoin has exited deep bear territory. According to a chart shared by the crypto strategist, Bitcoin has been out of the late bear market stage since […]
The post Quant Analyst PlanB Says Bitcoin (BTC) in Early Stages of Bull Market appeared first on The Daily Hodl.
A rapid acceleration in Bitcoin’s pace of global adoption could catapult the top cryptocurrency to staggering new heights, according to quantitative analyst PlanB. In a series of tweets, the pseudonymous strategist says the most powerful part of Bitcoin’s adoption s-curve is around the corner. The adoption s-curve is often used to track the cumulative rate […]
The post Bitcoin (BTC) Targeting $10,000,000 Amid Rapid Global Crypto Adoption, According to Quant Analyst PlanB appeared first on The Daily Hodl.
Quantitative analyst PlanB is mapping out his Bitcoin forecast for the next three years. In a new video, the analyst updates BTC’s stock-to-flow ratio, which is typically used to forecast the future price of scarce commodities. The ratio is essentially calculated by dividing the amount of BTC in circulation by the amount of Bitcoin mined […]
The post Quant Analyst PlanB Reveals Bitcoin Forecast, Says BTC May Shatter $1,000,000 Price Tag appeared first on The Daily Hodl.
Popular quant analyst PlanB says the recent Bitcoin (BTC) rally isn’t the bull trap many investors are weary of. PlanB tells his 1.8 million Twitter followers that several benchmark indicators are suggesting that what many believe is a bull trap is in fact the start of a new bull cycle. “To be clear, in my […]
The post Quant Analyst PlanB Says New Bitcoin Bull Market Just Started As Several Indicators Scream Strength appeared first on The Daily Hodl.
The popular quantitative analyst PlanB is doubling down on his forecast of a massive rally for Bitcoin (BTC). In a new interview with crypto analyst Scott Melker, PlanB says Bitcoin could soar more than 5,800% based on the stock-to-flow model he is well-known for. The stock-to-flow model predicts an asset’s value changes by comparing its current […]
The post Quant Analyst PlanB Says 5,800% Bitcoin Rally Is Coming, Calls Current Price a ‘Steal’ appeared first on The Daily Hodl.
Popular quantitative analyst PlanB, known for his stock-to-flow Bitcoin (BTC) model, is expressing bullish sentiment for the flagship crypto asset. In a new interview with crypto trader Benjamin Cowen, PlanB says that while the current sentiment towards crypto is bearish due to the disintegration of digital assets exchange FTX, it wouldn’t shock him if the […]
The post Quant Analyst PlanB Says Bitcoin (BTC) on Track To Explode by Over 500% – Here’s the Timeline appeared first on The Daily Hodl.
United States stock markets provide the backdrop for reversal in Bitcoin as $30,000 manages to hold.
Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining steadily to hit $30,670 on Bitstamp before consolidating.
The mood among stocks was more solid during the June 2 session, with the S&P 500 reclaiming the majority of its lost ground over the past month. The Nasdaq Composite Index ended up 2.7%.
Analyzing the crypto market cap compared to the Nasdaq, popular analyst TechDev noted what could be an incoming inflection point.
Potentially interesting. #BTC / $NDQ pic.twitter.com/i0k8oEyhw3
— TechDev (@TechDev_52) June 2, 2022
Fellow trader and analyst Pentoshi meanwhile issued a sobering outlook for the S&P 500 on weekly timeframes going forward.
My current working theory for #SPX and markets in general is this. I had talked about 3840 in the past being a key spot
— Pentoshi (@Pentosh1) May 22, 2022
I believe we just had our swing low and that the next weekly will look like the red part drawn on the chart w/ a higher low than last week and thus risk on ST https://t.co/o7uv2b40BF pic.twitter.com/TOOn6KP9Th
Bitcoin itself continued to face calls for a retracement, which would eclipse May’s $23,800 lows.
Crypto Tony still targeted between $22,000 and $24,000, demanding a break of a trendline currently near $32,500 to consider long scalping.
“Bitcoin held the $30K level, so long would still be intact from the $29.3K region,” Cointelegraph contributor Michaël van de Poppe meanwhile added on his short-term strategy.
“Now flipping $30.3K would be continuation towards $31.8K possible.”
At the time of writing, BTC/USD lay at around $30,500.
Zooming out, one on-chain analyst became the latest to take on the increasingly controversial Stock-to-Flow (S2F) BTC price model.
Related: This classic Bitcoin metric is flashing buy for first time since March 2020
Having failed to validate its $100,000 end-of-year prediction in 2021, Stock-to-Flow has become increasingly sidelined as its creator, PlanB, fields criticism.
While acknowledging the model’s potential shortcomings, Jurrien Timmer, head of global macro at on-chain analytics firm Glassnode, revisited it, offering a tweak which he argued would serve to increase its utility.
“It’s time for a fresh take on Bitcoin’s supply/demand dynamics,” a dedicated Twitter thread began.
Timmer proposed taking into account Bitcoin’s supply curve to produce a more conservative trajectory for price growth. The result, he considered, had retroactively already captured BTC price action more accurately than the raw S2F predictions.
The close-up below shows that this more modest supply model has been (in hindsight) more accurate than the original S2F’s projections for this halving cycle. /15 pic.twitter.com/65WgS4Hody
— Jurrien Timmer (@TimmerFidelity) June 2, 2022
“If accurate, It suggests still robust but less pie-in-the-sky upside than before. Maybe even several years of sideways, in line with the halving cycle, and likely continued volatility,” he continued.
PlanB had noted that the May monthly close had been Bitcoin’s lowest since December 2020.
As Cointelegraph reported, the next block subsidy halving event is increasingly figuring as a line in the sand for a return to bullish strength.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
