As the price of Bitcoin (BTC) continues to gain stability above the $55k and re-surges towards the $60k mark, more predictions are inbound for the asset. There are many who are now sharing their predictions and findings to prove that Bitcoin (BTC) is set for another long flight.
The majority of the analysts are predicting that given the current demand and position of Bitcoin (BTC), it still has a lot of room to grow. Despite the minor setbacks and price corrections, the asset has been making a lot of progress with respect to its price.
Ever since the beginning of the year 2020, Bitcoin (BTC) has been experiencing a bullish trend. However, this Bullish trend picked up the pace in December of 2020 when its prices shot through the ceilings. Since then, Bitcoin (BTC) has done nothing but break all its previous records and has continued to gain in on its price.
Given the constant growth in the price of Bitcoin (BTC), analysts are now speculating that Bitcoin (BTC) will not stop the $100,000 barrier. There are several analysts who are now predicting that and even the PlanB of Bitcoin (BTC) suggests the same.
Since Wednesday, March 17, 2021, many analysts and commentators have made their predictions and suggestions about Bitcoin (BTC). Among all the analysts and commentators, was the Bitcoin price model creator from stock-to-flow.
The creator was seen taking the side of other analysts in making assumptions and predicting that Bitcoin (BTC) is set to hit much high price levels and all-time highs in the coming days.
As Bitcoin (BTC) is again close to hitting its $60k per benchmark, analysts have started making their predictions about the asset. There are many who are now curious as to where the price of Bitcoin (BTC) would be by the end of the year 2021.
Previously, the stock-to-flow price prediction was that Bitcoin (BTC) will be able to hit the $288,000 price by the end of the year 2021. The model creator from stock-to-flow has predicted that given the currency bullish run of Bitcoin (BTC), Bitcoin (BTC) may hit a price between $100,000 and $288,000.
However, if Bitcoin (BTC) starts experiencing the same kind of bullish runs that it did between December 2020, and January 2021, then Bitcoin (BTC) price may grow exceptionally high.
The price predictor from stock-to-flow has stated that it has only been three and a half months for the running year. Even in such a small amount of time, Bitcoin (BTC) has managed to achieve so much and from $28k per BTC, it has grown all the way up to $60k per BTC.
At the time of publishing, the price of BTC is $59,116 per BTC and by the end of March, it is being predicted that the digital asset may cross the $75k per BTC benchmark.