As the crypto market inches past $2 trillion valuations, Bitcoin (BTC) has gained over 5% in the last 24-hours moving past $47,500 levels. It is for the first time in the last three months that the BTC price has crossed these levels.
As it turns out, Bitcoin has been very precisely following the Stock-to-Flow (S2F) model developed by popular crypto analyst PlanB. Back in June 2021 when BTC was under pressure trading below $35K, Plan B gave his prediction for the months following August. It shows that the BTC price is heading at $135K by the end of December 2021.
Aug > $47K https://t.co/tj6SSwSzKR
— PlanB (@100trillionUSD) August 13, 2021
Along with the current price surge, Bitcoin (BTC) has also shown significant improvement in some on-chain metrics.
Bitcoin (BTC) On-Chain Metrics
On-chain data shows that Bitcoin miners have once again started with strong accumulation. Over the last month, the miner balances have been on a continuous rise which is a healthy sign. It means miner
Źródło: https://coingape.com/bitcoin-btc-precisely-following-stock-flow-model-135k-coming-december/
