Quantitative Crypto Analyst PlanB Predicts Bitcoin Reaching $10k Before End of 2019

Michael LaVere

Quantitative crypto analyst PlanB has predicted that BTC will reach $10,000 by the end of the year despite the current pullback in crypto prices.

PlanB, who gained prominence through the application of stock-to-flow (S2F) price analysis with BTC, says that it would not be a “surprise” if Bitcoin manages to close above $10k by the end of 2019. 

According to a tweet posted on November 25, PlanB highlighted the “rare” opportunity of Bitcoin trading below the stock-to-flow model just six months out from the next halving event:

Willy Woo, another popular cryptocurrency analyst and a partner at crypto hedge fund Adaptive Capital, commented on PlanB’s analysis with a more dire take on the market.

According to Woo, Bitcoin must close above $8,300 by the end of November or else be in danger of testing new lows in the final month of the year:

Woo’s response comes just a week after gold bug Peter Schiff trolled Bitcoin HOLDers by claiming that BTC would dump to $1000 before going “much lower.”

 

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