A new study released by PlanB, the crypto analyzer known as the first to apply the stock-to-flow (S2F) model to Bitcoin, reveals where members of the crypto community believe it is targeting BTC.
In a tweet posted on Friday, the famous PlanB asked its 115,000 followers on Twitter to place their bets on where BTC will land before the end of 2021.
The retailer offers three price ranges between $ 55,000 and $ 288.00, which are based on the different iterations of its S2F model. The fourth and final choice of less than $ 55,000 is based on other models not accepted by the crypto strategist.
The results of the study show that crypto traders are a little skeptical of PlanB’s S2F model, which predicts a jump in B itcoin. to reach $ 288,000 in the next bullish cycle. More than 60% of respondents do not see BTC touching any of the price points set by the three S2F models over the next two years. Over 40% believe that Bitcoin will not reach $ 55,000 before the end of 2021. The
survey shows that at the current price of nearly $ 9,200, almost half of crypto Twitter sees a maximum growth of 450% for BTC in the next bullish cycle.
This figure is far from the gains in the bull market in 2013, which witnessed the jump of BTC from $ 2.22 in 2011 to $ 1,163 in 2013 (rally of 52.287%) and from the jump of $ 152.40 in 2015. to the highest ever recorded value of $ 19,666 in December 2017 – a jump of 12,000%.