PlanB S2F model shows that Bitcoin will hit $100,000 by August 16 2021. Litecoin rises to the seventh position after months of lethargic trading; displaces Bitcoin SV. Bitcoin price has stalled short of $12,000 for some time in August. There have been a couple of times Bitcoin has traded above $12,000. However, buyers could not sustain action above this critical level. Currently, Bitcoin is trading at $11,869 following a minor retreat from intraday lows around $11,775. Consolidation is likely to continue taking precedence, especially with the RSI holding at 54.54 and the MACD, slightly above the midline. BTC/USD 4-hour chart Bitcoin to hit $100,000 by August 2021 – PlanB S2F model PlanB, a pseudonymous cryptocurrency analyst, is popular for the stock-to-flow (S2F) model. The latest from the analyst shows that Bitcoin will hit $100,000 by August 16, 2021. The model divides the amount of Bitcoin currently in circulation by the amount of Bitcoin mined per annum. PlanB recently retweeted a post published by Marc van der Chijs, a Dutch entrepreneur. Most people think this is impossible, but I have seen a 1,000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again, anything is possible. Litecoin market cap surpasses Bitcoin SV’s” Litecoin has finally woken up after several months of hanging in the sidelines. Over the last 24 hours, LTC has added over 4% while growing by 10.43% in just seven days. The performance witnessed in the last few days has caused a ripple in the cryptoasset’s market capitalization to the extent of surpassing that of Bitcoin SV (BSV). At the moment, Litecoin has a market cap of $4.19 billion and holding in the seventh spot on the market. It has toppled Bitcoin SV which was pushed into the eighth spot with a market capitalization of $4.07 billion. Litecoin is trading at $64.13 at the time of writing after growing by 1.54% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Indonesia: BI seen reducing rates further this month – UOB FX Street 2 years PlanB S2F model shows that Bitcoin will hit $100,000 by August 16 2021. Litecoin rises to the seventh position after months of lethargic trading; displaces Bitcoin SV. Bitcoin price has stalled short of $12,000 for some time in August. There have been a couple of times Bitcoin has traded above $12,000. However, buyers could not sustain action above this critical level. Currently, Bitcoin is trading at $11,869 following a minor retreat from intraday lows around $11,775. Consolidation is likely to continue taking precedence, especially with the RSI holding at 54.54 and the MACD, slightly above the midline. BTC/USD 4-hour chart… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
