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Bitcoin Stock To Flow Model Reveals $500,000 Price Target

NewsBTC LogoNewsBTC1w ago

Bitcoin Stock To Flow Model Reveals $500,000 Price Target - NewsBTC

Quick Summary:

The market analyst explains that both massive acquisition programs would stimulate a high buying pressure on BTC which should translate to sharp price increases.  In addition, PlanB states the Spot BTC ETFs have experienced enormous inflows, valued at $2.294 billion, since Trump’s election, which will only go higher in the coming months contributing to BTC’s demand.  Importantly, the analyst kicks against doubting the Stock-to-Flow model despite Bitcoin attaining an average price of $34, 000 in the last cycle rather than the predicted $55,000 since the market model revealed a price target range of $25,000-$100,000.  BTC Price Overview At the time of writing, BTC trades at 76, 745 reflecting a price gain of 11.85% in the past seven days.

The analyst explains that the Bitcoin bull season is still at an early stage as indicated by the red dots on the Stock-to-Flow model chart, despite the recent price rally induced by Donald Trump’s electoral victory and even the "fake-out” recorded in Q1 2024 following the Spot Bitcoin ETF launch.  Aside from historical data, PlanB states multiple future events indicate BTC’s massive potential to attain the established price target.

This slight price increase compounds an impressive performance in the last month during which BTC’s value has risen by 27.82%.  As the crypto bull season appears to be kicking off, the popular Bitcoin Stock-to-Flow model has revealed a lofty price target for the largest digital asset.


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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 09:30:14 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 58 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23489578

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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