PlanB evaluates 2021 bull run.
Those who have crypto coins, good news!!! Bitcoin bull is not over, everything is on this chart!
PlanB, one of Twitter’s phenomenal crypto accounts, evaluated the Bitcoin bull run.
According to PlanB, we have not yet seen the peak of the 2021 bull run.
The popular S2F model developer PlanB suggested that the recent price drop, in which Bitcoin lost nearly $16,000 in value, was nothing more than a stepping stone to new highs.
Graph pointing to Bitcoin bull
Twitter user, who writes as PlanB, is of the opinion that “nothing will go straight forward”. By sharing the chart below, PlanB evaluated the current situation with previous bull runs.
Red line represents the current price line, blue line 2016-2017 bull run, and turquoise line 2012-2013. It shows the bull run.
As can be seen from the chart, Bitcoin has been in the 1st place in 2013 and 2017.. and 2. Before the halving, it experienced price corrections similar to today’s. In fact, the process, “the mid-way dip”, as PlanB puts it, takes place in the same time periods.
When we look at the graph in the light of these data, it can be clearly seen that we are not even halfway through the bull run yet.
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After the current correction period, the BTC price line will rise towards the target level, according to the Stock-to-Flow pattern.
PlanB believes the ultimate bull run target is $288,000.
Current In this case, we are talking about a 6x increase for Bitcoin, since BTC is trading at $ 49,000. Time will tell if PlanB’s S2F model holds up.
Live BTC price: $ 22,558.00
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