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jorritdenuyl
Oct 15, 2021 10:44 AM

BTC: can' t believe this chart is true. 

Bitcoin / U.S. dollarBitstamp

Description

The well known Stock to Flow model of Plan B is forecasting a Bitcoin price of 100K this cycle. When we draw the Fibonacci levels from the beginning of this cycle to the top, we can see the -0.618 Fibonacci level is exactly 100K! But we can make the story even more strange: Bitcoin can form a Cup and Handle pattern if can reach the previous high. Price target of this pattern is... 100K.
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