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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Btceth01 on June 12, 2021, 11:51:48 PM
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Bitcoin (BTC) can still hit an average price of $288,000 in the next three years, confident analyst PlanB has said after BTC/USD shed 7% on June 12.
In a tweet on Saturday, the creator of the popular stock-to-flow Bitcoin price models cast aside doubts over the Bitcoin bull run continuing.
PlanB: Business as usual for BTC
Alongside a chart describing Bitcoin as "going for gold," PlanB was characteristically cool about Bitcoin's recent progress despite a failure to break out above $40,000.
As Cointelegraph reported, concerns from traders and external sources alike have been mounting over the past week, these centering on a possible deeper BTC price correction. "$288K still in play," PlanB retorted. It would really surprise me if bitcoin would not touch the black S2FX model line this phase. Regardless of current volatility, yellow green and blue dots will be (much) higher than red orange dots.Source (https://cryptonews.net/796243/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)