Bitcoin (BTC) is working its way between the previous two halves of blockchain subsidies, leading to a higher price by volume.

In a September 2 tweet, PlanB, the creator of the BTC (S2F) pricing model, advised investors to be “patient” when it comes to raising prices.

Bitcoin price remains unchanged after four months of halving
Although it reached nearly $ 11,000 on Wednesday, Bitcoin has performed as expected on monthly time frames since it halved in May.

Since then, reluctance to break through and support $ 12,000 has characterized the price action, but the progress on the monthly chart is evident.

“Reminder: We’re still early, just 4 months after half of #bitcoin 2020, between 2012 and 2016,” PlanB commented.

“Patience is a virtue.”

The accompanying price index comparison chart showed that Bitcoin increased its 2020 gains between 2012 and 2016.

Thus, BTC / USD remains within the potential increase once again in order of volume. According to S2F, this should see a target price of $ 288,000 in the current half-cycle, which ends in 2024.

The target price for BTC at the end of the year is $ 41,000
Meanwhile, another chart over the weekend showed a more optimistic view of Bitcoin.

Based on the halving in May, data analysis supplier Ecoinometrics set a target price of $ 41,000 for the end of the year.

“It looks strong,” the company wrote on Twitter, adding that $ 100,000 would be available by April 18, 2021.

The targets are plotted with average growth since the previous half of Bitcoin.

Meanwhile, short-term changes in online sentiment did not affect the change in the long-term outlook. These include an increase in the flow of money from mining, which is evidence of sales activity this week, as evidenced by data from CryptoQuant, which monitors the chain.

Poolin Chinese mining pool saw momentum of 490 BTC, most of the activity.

Source: CoinTelegraph

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