Bitcoin price declined below $30K, which is seen as a very important support level, and the price has seen below $30K for the first time since January 2021. After the BTC price fell to $28K, although it rose above $30K, the market seems to be tense. However, there are still experts who think that Bitcoin will reach six-digit numbers in 2021.
BTC and $100K probability
PlanB, one of the most popular analysts in the crypto money market, asked his followers about the possibility of Bitcoin reaching $100K in 2021 with a survey on Twitter. PlanB conducted a similar survey in March.
According to the results of the survey, 16% of the respondents in the survey conducted in March stated that Bitcoin will remain below $100,000 in 2021, while this rate increased to 41% in the latest survey. In addition, the number of people who thought that Bitcoin would be $ 288,000 decreased by 50%.
Although the number of people who think that Bitcoin will stay below $100K is dominant at the moment, the number of people who think that BTC can be worth between $100K and $288K by following the stock-to-flow model of Plan B three months ago is much more dominant.
Are price expectations decreasing?
According to the statements made, if Bitcoin does not rise above $100K by the end of 2021, the S2F model, which PlanB has long advocated and which many believe is valid, will become invalid.
In addition, some names state that the S2F model has already been obsolete due to the ongoing large declines. However, it seems that the end of 2021 performances of the BTC price will have to be awaited before this model can be definitively invalidated.
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