Bitcoin (BTC) started the new week with bullish momentum after recovering on March 1 following a steep drop during the weekend. A leading analyst in the industry thinks that the BTC price is performing exactly as predicted. Famous analyst PlanB, the creator of the stock-flow price model, pointed out Bitcoin’s February closing in its March 1 post. The analyst suggested that BTC closed last month at the level predicted by the stock-flow cross-asset model: Watch out for the new orange point: Bitcoin closed February at ,240! (January closing was ,141, current rate ,500) Everything is working perfectly. Stock-flow cross-asset (S2FX) model. Source: PlanB/Twitter PlanB said that after Bitcoin closed in January at ,141, the stock-flow model “transitioned to phase 5” and 2021 would be
Topics:
Mark Stevenson considers the following as important: Bitcoin
This could be interesting, too:
Ibrahim Anifowoshe writes Bitcoin Edging Toward K: Why Is the Coin Teasing?
Andrew Moran writes Commodities Week in Review: March 29 to April 2
Mark Stevenson writes JPMorgan Sees Institutional Opportunity Due to Falling Bitcoin Volatility
Ibrahim Anifowoshe writes Bitcoin Hits K, Edges Closer to Breakout
Bitcoin (BTC) started the new week with bullish momentum after recovering on March 1 following a steep drop during the weekend.
A leading analyst in the industry thinks that the BTC price is performing exactly as predicted.
Famous analyst PlanB, the creator of the
Watch out for the new orange point: Bitcoin closed February at $45,240! (January closing was $33,141, current rate $46,500) Everything is working perfectly.
PlanB said that after Bitcoin closed in January at $33,141, the
The creator of the
Tom Lee, the
Samson Mow, CSO of blockchain technologies provider Blockstream, is a Bitcoin supporter who is also not deterred by the recent Bitcoin
Since Bitcoin rebounded strongly from the drop to $43,000 over the weekend, there is a high probability that it could rally to $56,000 in the next impulse wave. However, at the time of writing, the BTC/USD trading pair is changing hands at $48,946, up 8.11% in the last 24 hours.
If you have any questions and comments on Bitcoin today, use the form below to reply.
© MarkStevenson for Commodity News, 2021. |
Permalink |
No comment |
Published under: Bitcoin