Stock-to-Flow Model Creator Comments on Bitcoin (BTC) Price Spike Over $27,700

Before 2021, every bullish cycle of the Bitcoin price ended with a top . However, in 2021, it printed a"double top" pattern, setting highs in May and November. PlanB foresees that the next all-time high might be also reached before the next mining reward reduction. It will be the first bullish cycle of Bitcoin with three tops in a row.

Should this forecast be valid, Bitcoin will reach a new high before April 2024. Previous ATH was registered on Nov. 10, 2021, at $68,789, as per CoinMarketCap data. PlanB admitted that he is not 100% sure about the validity of this suggestion, but it does not seem impossible for him.Last week was the most successful for the Bitcoin price in almost two years.

No, I was shadowbanned by twitter. 89 impersonators, spam bot attacks, troll armies, everything to prevent people from seeing my tweets. I have not been gone for a year and tweeted every day The stock-to-flow model by PlanB and his followers is based on the assumption that Bitcoin becomes scarcer due to periodical reductions of its emission. With its scarcity, its price also goes up thanks to the law of supply and demand. However, in the 2022 bearish recession, the S2F model failed: BTC left the pattern it had followed since the network's launch.

It should be noted that the Bitcoin euphoria looks heavily overheated today. Crypto Fear and Greed Index by Alternative.me sees the BTC sentiment at 64/100 in the"Greed Zone." Ironically, the last time it was so high was when the Bitcoin price set its latest ATH in mid-November 2021.

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