Famous analyst PlanB, who is the founder of the stock flow model (S2F) and has been making bold predictions since June, when BTC fell to $ 28,000 according to this indicator, has not deviated from the road map he has drawn so far.
“We can see continued weakness in June and July for many fundamental reasons. In my worst case scenario for 2021, we will be over $47,000 in August, $43,000 in September, $63,000 in October, $98,000 in November, and $135,000 in December.” said, and we see that these predictions are successful.
The analyst, who showed the year-end forecast for BTC as $ 135,000, said in his last statement, “There is no weakening in the in-chain data. In my estimation, there is at least 6 more months until the end of the second leg of the bull market”.
On-chain analyzes finished tonight: IMO we are midway, no sign of weakness (red) yet. Note color overlay is not months to halving but an on-chain signal. My guess: this 2nd leg of the bull market will have at least 6 more months to go. pic.twitter.com/HAEMYfQ1pT
— PlanB (@100trillionUSD) October 2, 2021
In this context, the analyst, who thinks that we will still be in the bull season for the next 6 months, added that S2F has now shown an increase towards $100,000.
*Not investment advice.