The popular crypto analyst PlanB says Bitcoin (BTC) is about to plunge into the steepest part of the S-curve, priming the flagship digital asset to spark massive gains.
The pseudonymous trader tells his 2 million followers on the social media platform X that BTC is ready for flight after an exchange-traded fund (ETF) fakeout earlier this year.
[adinserter block="1"]“Bitcoin is entering the vertical part of the S-curve (and S2F-curve) … probably nothing.”
In crypto, an S-curve is used to track the adoption and growth of a digital asset project over time.
PlanB suggests that the increasing adoption of BTC via Bitcoin ETFs is in alignment with his stock-to-flow model (S2F). The analyst adapted the S2F model to Bitcoin to predict the performance of the BTC based on the idea that the price increases as the asset becomes more scarce.
Says Plan B,
“After the ETF fake-out earlier this year, Bitcoin is now ready to take off.
The Stock-to-flow model predicts $500,000 average with $250,000-1 million bandwidth. Note this is the original 2019 model refitted with 5-year new data: same parameters, same results ($55,000 -> $500,000 -> $4 million).”
Historically, PlanB’s S2F model has signaled the beginning of strong bull runs immediately after halving events, when miners’ rewards are cut in half. BTC’s most recent halving happened in April.
The analyst recently said that Donald Trump’s victory in the US presidential election last week is a major bullish catalyst for Bitcoin.
Bitcoin hit a new all-time high on Monday of $89,560.95. The top-ranked crypto asset is trading at $88,767 at time of writing and is up nearly 11% in the past day and more than 30% in the past week.
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