A widely-followed analyst known for being the first to apply the stock-to-flow model (S2F) to Bitcoin says that BTC has just created a perfect setup for a spike up to $100,000.
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