Is PlanB’s Stock-to-Flow Model About To Break? Crypto Traders Reassess Bold Bitcoin Forecast

Crypto Trader Ben Armstrong Doubles Down on Bitcoin Prediction – Here's How High He Believes BTC Will Go

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.

In a poll on Twitter, PlanB asks his followers if they believe that the charts indicate that Bitcoin is going to disprove the S2F hypothesis, or if the charts are flashing massive buy signals. The poll shows that 17.6% of participants believe that S2F will break, 53.3% believe this is a buy signal and 29% of participants just wanted to see the poll results.

PlanB says that while the S2F model is close to “breaking”, the S2FX model is intact, and that Bitcoin is still in a bull market despite BTC’s price dip last month.

“May close $37,341… -35% … we knew Bitcoin would not go up in a straight line and several -35% drops are possible (and indeed likely) in a bull market. Starting to look like 2013. S2FX model intact.”


The popular trader has previously noted that he’s not personally focused on short-term price action, showing immense confidence in the long-term value of the flagship cryptocurrency.

“I am less interested in $100K-$288K, but focused on 2024 halving and beyond. I don’t care about volatility, asymmetric return is key ($0 vs. $1 million).”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

-1 Points
Upvote Downvote
Conference Session: The Elusive Bitcoin ETF

Conference Session: The Elusive Bitcoin ETF

FTX Launches Innovative Perpetual Futures Products Based on MVIS-CryptoCompare Indices

FTX Launches Innovative Perpetual Futures Products Based on MVIS-CryptoCompare Indices