Plan B: Bitcoin Gives The Best Opportunity For Bulls In Whole History | CryptoGazette
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The crypto market is showing signs of reversal following a short period of corrections. At the moment of writing this article, Bitcoin is trading in the green. The king coin is currently priced at $41,543.
Plan B addresses the ample opportunity Bitcoin offers bulls
The pseudonymous crypto analyst Plan B says that, barring a black swan event, all the indicators point to a bright future for Bitcoin (BTC) in the coming months.
During a YouTube interview with Blockware Intelligence, Plan B is laying out the case for why he thinks numerous Bitcoin metrics look so cheerful.
“At the risk of being called a moonboy, all the signals, whether you look fundamentally, like stock-to-flow [S2F] for example or on-chain, realized cap or other metrics, or in the news, the macro news, the number of countries that are opening up to Bitcoin. Everything is positive.”
Just to refresh your memory, Plan B is known for applying the stock-to-flow (S2F) model.
This is traditionally used in commodities markets and compares an asset’s supply to the rate at which it’s being produced, to Bitcoin.
It’s also important to note the fact that lately, Bitcoin has underperformed relative to Plan B’s S2F model.
On the other hand, the analyst says big rallies are still in the cards for the flagship crypto.
The trader believes that while the possibility of the unexpected remains that might derail BTC’s next rally, he’s keeping his eye on when Bitcoin futures premiums start to rise as an indication that the next rally has begun.
“Of course, there can be a black swan. Of course, something can happen that we haven’t seen in the past or that is a real black swan, but volatility is low, the futures premium is low.”
He also continued and stated the following as quoted by the online publication the Daily Hodl:
“I watch that like a hawk. If that will go up again – if the leverage will enter the market again.”
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