Connect with us

Hi, what are you looking for?

ELEVENEWS

Bitcoin

Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: Bears may pull BTC down to $10,460

  • Aircraft sales firm Aviatrade now accepts BTC as payment for its Gulfstream G650ER aircraft.
  • Raul Jordan of Prysmatic Labs said that the Ethereum 2.0 upgrade is on track for late-2020.
  • The Tether network has recently moved $1 billion worth of USDT from the Tron network to Ethereum.

Bitcoin

Bullish: Analyst says BTC/USD is due to repeat historical gains

In a recent Twitter thread, quant analyst PlanB discussed the increasing signs that show that BTC/USD is due to repeat historical gains. Pointing to the original incarnation of their stock-to-flow (S2F) model, PlanB noted that the time was right to start an order of magnitude step up. 

Image

The original S2F chart is a bit different from the more recent stock-to-flow cross-asset (S2FX) model. The latter incorporates macro factors and introduces “phases” in BTC’s trajectory as an asset. It also calls for an average BTC price of $288,000 before 2024.

News source

Advertisement

Copyright © 2020 Elevenews