Bitcoin $104,470.79The price of the US-China trade negotiations after the agreed to 106 thousand dollars by approaching the historical summit 4 percent approached the investor trust again climbed. The recovery in the V form in the crypto currency market has gained speed since the 82,000 dollar bottom at the end of March and carried BTC over 104 thousand dollars. Plant believes that this powerful momentum is not the Bear Cycle, but the beginning of a wider bull market. Analyst pointed out that the price of the Stock-to-Flow (S2F) model can be achieved rapidly in the near future.
Bitcoin Price Forecast of PLANB’s S2F model
Plant derives from chain data S2F Every Halving, in other words, matches the red spots that appear after the splitting of the block award. In the past, these signals heralded strong bull rally. In March, a typical distribution phase was not followed, and on the contrary, the price movements showed the beginning of a longer and widespread bull cycle.
According to the prediction of the analyst’s model, Bitcoin can reach new peaks one after the other after passing the highest level of all time (AD) of all time around 110 thousand dollars. Plank, as the rareity increases the price will rise ”assumption of up to 500 thousand dollars until the end of the year presented estimates.
Important technical indicators point to the rise
Bitcoin’s Rsi The value is currently 66, and it can remain at this level for several months by exceeding 80 in the near period. In the past bull markets, similar momentum periods had prepared the ground for the rapid rise phase of the price. In addition, 200 -week moving an average of 46 thousand dollars to 47 thousand dollars to show the trust of market participants.
The short -term price is 92 thousand dollars and the two -year price is around 77 thousand dollars. These levels show that most Bitcoin investors are currently in the snow and that sales pressure may be limited. Analysts point out that the FOMO phase has already begun.
The current dynamics of the crypto money market is a historical bull seasongives the signals. PLANB’s model and technical analysis findings show that the year may be a year of records for Bitcoin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
