{"id":8515,"date":"2021-06-21T05:54:38","date_gmt":"2021-06-21T05:54:38","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/135k-for-december-stock-to-flow-creator-lays-out-bitcoins-worst-case-scenario-for-2021\/"},"modified":"2021-06-21T05:54:38","modified_gmt":"2021-06-21T05:54:38","slug":"135k-for-december-stock-to-flow-creator-lays-out-bitcoins-worst-case-scenario-for-2021","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/135k-for-december-stock-to-flow-creator-lays-out-bitcoins-worst-case-scenario-for-2021\/","title":{"rendered":"$135K for December: Stock-to-Flow Creator Lays out Bitcoin\u2019s \u2018Worst Case Scenario for 2021\u2019"},"content":{"rendered":"

The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his \u201cworst case scenario for 2021\u201d predictions on social media on Sunday. The analyst says there\u2019s also a \u201cmore fundamental reason\u201d to why bitcoin prices have been dropping in June and how the month of July may see \u201cweakness\u201d as well.<\/strong><\/p>\n

Best Case Scenario: $450K Worst Case Scenario: $135K<\/h2>\n

Five months ago, bitcoin (BTC<\/a>) prices went parabolic and the value of the leading crypto asset seemingly was following the well known stock-to-flow (S2F) model. At the time, the S2F creator said<\/a>: \u201cbitcoin stock-to-flow model [is] on track\u2026 like clockwork.\u201d The price of bitcoin skyrocketed over $64K per unit but has since lost more than half that value.<\/p>\n

At the end of April, Plan B remarked<\/a> that the downturn was a \u201cmid-way dip\u201d and stressed that \u201cnothing goes up in a straight line.\u201d This past Saturday, Plan B further discussed<\/a> the infamous death cross pattern in the BTC<\/a>\/USD chart and remained optimistic.<\/p>\n

Then on Sunday, Plan B gave an update<\/a> on his \u201cworst case scenario for 2021.\u201d<\/p>\n

\u201cBitcoin is below $34K, triggered by Elon Musk\u2019s energy FUD and China\u2019s mining crack down,\u201d Plan B tweeted. \u201cThere is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price\/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K,\u201d the analyst added.<\/p>\n

Image credit: Plan B via Twitter. <\/a><\/p>\n

Of course, Plan B made sure<\/a> that people read his tweet carefully when people asked<\/a> if they should disregard his model. \u201cPlease read my tweet more carefully,\u201d Plan B replied. \u201cI said this is a worst case scenario, not a base case, let alone best case. I am still on S2FX track for my base case. I have explained my personal (non)selling strategy in several interviews,\u201d he added. Furthermore, someone asked<\/a> Plan B: \u201cWhat\u2019s the more fundamental reason?\u201d<\/p>\n

\u201cGreat question. I [intend] to publish later this year,\u201d the analyst replied<\/a>. Additionally, the popular bitcoiner dubbed \u201cParabolic Trav\u201d said that he likes a bearish Plan B tweet and said \u201cBullish.\u201d Plan B also responded to Parabolic Trav\u2019s statement and said:<\/p>\n

Wait until you [see] my base case and best case scenarios! OK, a hint: best case Dec $450K.<\/p>\n

<\/p>\n

Plan B: \u2018Bitcoin Distribution Looks a Lot Healthier Now\u2019<\/h2>\n

Plan B<\/a> is a popular analyst and has more than 570,000 Twitter followers. The stock-to-flow price model has also grown in popularity during the last 12 months and it is referenced often in technical analysis. Plan B has been getting a lot more criticism in recent times since bitcoin\u2019s price has been dropping lower. The sell-off, Plan B said this weekend, has led to better bitcoin distribution.<\/p>\n

\u201c60% of bitcoins sold in May-June were bought in March-April and sold at a loss,\u201d Plan B wrote<\/a>. \u201c40% was bought earlier and sold at a profit. Of total 18.7M bitcoins ~2,5M bitcoins are bought at\n<\/p>\n

What do you think about Plan B\u2019s worst case scenarios for 2021? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, analyst, best case, Bitcoin, Bitcoin (BTC), BTC, BTC\/USD chart, Crypto Prices, death cross, Halving, model, Parabolic Trav, Plan B, Price Model, S2F, S2FX, stock-to-flow, Twitter, worst case, worst case scenario<\/p>\n","protected":false},"excerpt":{"rendered":"

The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his \u201cworst case scenario for 2021\u201d predictions on social media on Sunday. The analyst says there\u2019s also a \u201cmore fundamental reason\u201d to why bitcoin prices have been dropping in June and how the month of July may see \u201cweakness\u201d as…<\/p>\n","protected":false},"author":0,"featured_media":8516,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8515"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8515"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8516"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}