{"id":462054,"date":"2021-04-24T00:00:29","date_gmt":"2021-04-24T00:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=462054"},"modified":"2024-06-11T13:55:12","modified_gmt":"2024-06-11T13:55:12","slug":"stock-to-flow-creator-bitcoin-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stock-to-flow-creator-bitcoin-price\/","title":{"rendered":"Stock-To-Flow Creator “Relieved” After Bitcoin Price Plummets Below Trajectory"},"content":{"rendered":"
Bitcoin fell below $50,000 on Friday<\/a>. The pioneer cryptocurrency is currently trading at around $49,405 at 11:10 GMT. Within the last 24 hours, the coin lost 8.9%, a massive loss to traders and investors.<\/p>\n However, stock-to-flow models creator, PlanB, has said that he’s relieved that the coin has lost over 22%<\/a> in just a week. Saying that Bitcoin is still acting “like clockwork” with regards to their price predictions.<\/p>\n In a tweet on Friday, analyst PlanB noted that the price dip to under $48,000 has sent BTC below it’s target laid out by his stock-to-flow model. Due to this, Bitcoin is no longer “front-running” stock-to-flow.<\/p>\n After the benchmark cryptocurrency traded above its required level, the quant analyst had suggested that the price movement of the coin was becoming inorganic.<\/p>\n Related Article<\/strong> | Bitcoin Dives Below Key Support, Here\u2019s Why BTC Bears Are Back<\/a><\/em><\/p>\n “I am sort of relieved btc price is now under s2f model value again,” he wrote in a conversation with “The Bitcoin Standard” author Saifedean Ammous, who called PlanB\u2019s predictions “astonishing.”<\/p>\n “For a moment I thought that people were front running the model and that the supercycle had started. Now we are back to normal .. like clockwork,” PlanB added.<\/p>\n Astonishing indeed, even to me. Btw I am sort of relieved btc price is now under s2f model value again. For a moment I thought that people were front running the model and that the supercycle had started. Now we are back to normal .. like clockwork. pic.twitter.com\/BRHs30MPvJ<\/a><\/p>\n — PlanB (@100trillionUSD) April 23, 2021<\/a><\/p><\/blockquote>\n“I Am Sort Of Relieved,” Says PlanB<\/h2>\n
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