Popular Bitcoin analyst PlanB says his widely used Bitcoin price prediction model is at a crucial level of support.
The stock-to-flow (S2F) model, traditionally used to track the performance of commodities like precious metals, compares an asset’s price to its available supply.
Plan B has amassed a large following due to the 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.
The pseudonymous analyst tells his 536,400 followers that Bitcoin just bounced off the lower band of the S2F model.
The stock-to-flow model predicts that Bitcoin will hit $100,000 and the S2FX reasons that Bitcoin may reach $288,000.
2nd bounce off the lower band of S2F model. Will S2F break? Or will this turn out to be an excellent buy signal? I know multiple hedge funds that actually trade this BTC-S2F "cointegration" (despite that we can't formally use cointegration