What will happen in the future with bitcoin (BTC)? Will its value increase or, conversely, lose it? Investors are divided and experts no longer know where to go with all the metrics they need to analyze. Furthermore, the metrics no longer appear to provide reliable information. However a professional has stated that investors have reason to rejoice and see the future positively.
Soon bitcoin (BTC) at 100,000 dollars
PlanB, the creator of the model Stock-to-Flow, used by some investors, after releasing numerous publications over the past few days on a possible development of the BTC price. He pointed out that an old S2F pattern seems to fit the current cryptocurrency trajectory. According to him, on the basis of these data, it is necessary to believe that the BTC will hit $ 100,000.
While it offers the good news of $ 100,000, PlanB tries to put it into perspective. He claimed that $ 100,000 is a goal that will not be achieved any time soon. It will be necessary another few months (He did not give a time frame). At the same time, however, he clarified that the king of cryptocurrencies will soon reach $ 500,000. According to him, it will happen much faster than many people think.
Until one day PlanB’s forecast is finalized, the price of BTC has declined significantly. Data released by Arcane Research shows that the sliding asset is lower for just eight weeks. But at the same time, the data shows that there is positive news in the works.
Happy news pending
Why should we believe that BTC will no longer lose value in the coming days? In its report, Arcane Research notes that “Over the past seven days, bitcoin has been trading in the range of $ 29,000 to $ 30,500, which has seen seven-day volatility fall to more normal levels for the year after almost the lowest levels.
Moreover, when we look at the side of the relative volatility index [RVI]we note that a value greater than 50. This means that future volatility is possible raise the price of cryptocurrency. However, all this information should be taken with a grain of salt, since no one is able to predict the direction the king of cryptocurrencies will take.
Bitcoin (BTC) will not continue to lose value. At some point, the digital asset will return to the path of growth and price increases. This moment is close, according to PlanB analyst. There would not be much time left for that to happen.
Source: AMBCRYPTO
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