@BOMBERuss 1 June 2021 more from that month

The record fall of bitcoin in May will not cancel the forecast based on the Stock-to-Flow model, said its developer PlanB. A popular analyst believes that the main cryptocurrency will update its historical maximum this year. The creator of the bitcoin Stock-to-Flow price model tweeted that the current situation is starting to resemble the bullish cycle of 2013. After the fall of bitcoin to $30 thousand and repeated tests of this level, there were fears that the price could collapse to $20 thousand and below. This would mean that bitcoin has returned to the level of the 2017 bull market high. From the point of view of PlanB, this is unlikely. The analyst presented the latest data of the latest version of his ’Stock-to-Flow cross-asset‘ (S2FX) model and drew attention to the similarity of the current market situation with the behavior of bitcoin in 2013. #CryptoTrading