Bitcoin price would hit $288,000 this year, according to this metric

[STT]

Why is everything this year, I dont think crypto itself cares about your concept of time and years :p

The momentum behind this particular market is likely not on our schedule, a bit of a mystery but I think fairly simply we cycle through a few more waves, upsets and booms before we get to a grander scale.    When everyone is proved wrong then the market makes its final move, it requires some to give up maybe the majority.



So if we keep this very loose trend then we can carry on up, if it breaks trend then we get the grander reset event and that caps aspirations for this year probably but next year and beyond I remain bullish but only with the proviso that upset and trouble is not in the past only.

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[Twinkledoe]

Why would people do always love to look on what happened in the past?

Well, we are not “looking at the past”, but we are scrutinising what happened trying to infer what could possibly happen in the future.

This is called “modelling” the reality.
Stock to flow has been consistently working since 2010, so I guess it would be a pity not to look in the past, and think it is going to break right now!

Yes, they are using the historical values to formulate a pattern and possibly apply for future trends. Without those old values, it would be hard for them to make a model. It may or may not come true, but it is better to have some sort of reference rather than pulling numbers out of nowhere. You don't need to believe what the model is saying because there will be other contributing factors that may influence the market. But later on, after this year, we will see how such modelling works and how near it is to reality?

[pixie85]

From 2017 till today I have been hearing a lot of price prediction and frankly speaking non of them were correct. If it was that easy to predict Bitcoin price most of us here would have been Bitcoin millionaire. We all know it will reach to the moon and we can see everyday what is happening therefore there is no need to create a FOMO around the price.

Because people always go over the top or below the bottom. In a bull market they're too pessimistic and in a bull market they're too optimistic.

I still remember how they were claiming Bitcoin would go to 1000 dollars before the bull market reversal and we never even went below 3000.

Now they're talking about 200 thousand when we're not even close to 100. We won't even go above 100 without facing a strong correction. We'll be lucky if we go there this year but Bitcoin is already overbought at 60. 75 is all I would give it this year.

[cryptomaniac_xxx]

Yeah, it has been discussed here by @fillippone, Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity.

There is also a scenario that $100k - if it followed 2017 pattern, and then this $288,000 if it followed 2013's bull run.

Why would people do always love to look on what happened in the past? Though, it isnt really that prohibited on looking back into the past but i wouldnt really take it up seriously
because reaching 100k alone would already be a challenge or wouldnt really be possible on this years time.We didnt expect for bitcoin to hit up 60k, who would ever thought that
we do past or break that 20k ath that we've been hoping for  on couple of years? You would see lots of sentiments like this and like that but always
take measure if you do follow it or not.

Too add what has @fillippone has said,

It's because crypto market works in cycle, that's why it's better to look at the past performance and see what might happened in the future based on those past historical logs. I advise you to look at the charts,

https://digitalik.net/btc/

And you will be amaze as how "accurate" this modelling is.

[Fundamentals Of]

Do you personally believe that? I mean PlanB's (@100trillionUSD) unique analysis?

When I first got acquainted with PlanB, I was kind of surprised at how high his predictions are. At first I thought he was simply too bullish that he is not anymore realistic. And then his predictions started to happen one after another. I realized the man has some solid basis in his predictions. So far, they seem to go along with the real price of Bitcoin. But $288,000 for Bitcoin within this year? I hope it will happen but I think it is way too high to reach.

[Wawa2013]

In fact, no one will know the highest price that Bitcoin will reach this year, we all can only speculate from each other's analysis. It is not wrong
if Bitcoin is predicted this year will reach a price of $ 288k, because Bitcoin's performance until now is very surprising. Bitcoin's price increase
was very fast and has not stopped until now. Based on this, it's no wonder that many predictions say the Bitcoin price will hit a price above $ 200k.
Earlier this year I predicted the Bitcoin price this year would reach $ 100k, but entering March there was a significant increase that was beyond
my expectation. So I agree with the prediction that Bitcoin might hit a price above $ 200k this year.

[adaseb]

It might reach $288K or it might not. The important thing to do is take profits from time to time. Imagine if back in 2017 you were waiting for $20K which never actually happened, price went to $19.7K or so. You would of missed out.

Sure if it ends up going to $250K its unfortunate if you sell half of your BTC at $50K or $100K however keep in mind that its easier for bitcoin to do a 20x going from $1K to $20K than it is a 20x going from $20K to $400K. Look at the overall market cap.

Basically its reaching the point of where its almost unsustainable. Imagine how much money it would take to support a huge price of like $250K bitcoin.

[Yaunfitda]

I was also fascinated by this prediction, the modelling scale of S2F.

When we look at the price, I'm sure everyone is drooling about it and hope that it can really reach that high so that of course we can make a lot of profits. However, it is just a prediction still, no one really knows what is going to happen in the next six month or at before the end of the year.

I guess seeing bitcoin reaching 6 digits will be huge news if it happens, but as we can see the potential growth is slowing down, might be good to take profits along the way.

[Oasisman]

That's quite a huge price prediction for a 4 year cycle. Though Btc has becoming more and more unpredictable as years passes by and S2F model has been delivering a quite reliable predictions, but I just can't get off my mind that $288,000 is such a huge figure for Btc to break this year.
I personally think Btc would peak at around $100,000 this year. A lot of people has been waiting for that to happen and a massive dump will take place then recovery and regrets on the latter.

[Ibrahim60]

Bitcoin is now so much volatile. We know Bitcoin is one of the most potential and good coin. But i don't appreciate with your speech. I don't think that Bitcoin price will hit $288,000 in this year. In my opinion bitcoin can hit this much amount but not in this year. In the future its price can touch the amount. I think in this year Bitcoin price can hit around $80k to $100k. Or gonna down like 2017. Because no one can surely tell something about cryptocurrency.

[ecnalubma]

In due time it might reach that price but no need to rush. No technical analysis is accurate because the market is very unpredictable and has a lot of surprise. Honestly a $50k at first quarter of the year is quiet fast and no one expected it, but we need to be very careful because the price of BTC is not in the hands of common holder but in the hands of manipulators.

[Slot Kid]

Plan B & his famed S2F has proved very correct so far, I really hope that 288k is a possibility this year. It will make many of us wealthy, we are currently struggling to break 60k but when bitcoin pops it sure as hell pops.

[Baofeng]

That's quite a huge price prediction for a 4 year cycle. Though Btc has becoming more and more unpredictable as years passes by and S2F model has been delivering a quite reliable predictions, but I just can't get off my mind that $288,000 is such a huge figure for Btc to break this year.
I personally think Btc would peak at around $100,000 this year. A lot of people has been waiting for that to happen and a massive dump will take place then recovery and regrets on the latter.

Yes, but remember this model should be seen as for long term prediction. Also, regarding the year cycle, we might see two waves in 3 years, as bitcoin's narrative has evolved, we might see the cycle also changing. So let's see if we can peak at $100k and then continue it's growth on the next cycle of $200k++. Might be really good to be a holder up until the end of the year.

[Kemarit]

Plan B & his famed S2F has proved very correct so far, I really hope that 288k is a possibility this year. It will make many of us wealthy, we are currently struggling to break 60k but when bitcoin pops it sure as hell pops.

I'm also a fan of S2F modelling by Plan B and hoping that one day we will see that $288,000 prediction hits. But in any case, we will have to wait, we already broken that $60,000 barrier and no doubt that we will surpassed it in the next coming days. The FUD has settled down already, no more negative news in the market. Maybe we see some resistance but eventually we will get there.

$100,000 is not that bad as well, if $288,000 is not there, then at least a 6 digits at the end of the here will already be a celebration for all of us.

[Saisher]

I guess seeing bitcoin reaching 6 digits will be huge news if it happens, but as we can see the potential growth is slowing down, might be good to take profits along the way.

If it's a reliable company and they are coming up with that prediction, I'm ok with it but I'm not giving out my 100% trust that what they are saying will come true 100%, to the point that you are going to sell everything and invest, I still follow this advice that you should invest what you can afford to lose, nothing is 100% sure when it comes to investing.

[pooya87]

A closer to reality number is still $400k in my calculations and it makes more sense compared to the previous rise sizes and also the fact that this time there is a huge amount of money being dumped into bitcoin from everyone starting from individuals and goes all the way to institutional investors and big banks!
On top of that the US dollar is going to experience a lot of inflation thanks to trillions of dollars they keep printing regularly these days. $400k seems to be just the start.

[coin-investor]

Plan B & his famed S2F has proved very correct so far, I really hope that 288k is a possibility this year. It will make many of us wealthy, we are currently struggling to break 60k but when bitcoin pops it sure as hell pops.

The market is struggling to make it to the $60k mark right now, if the prediction is going to come true it should start to make an impact on the third quarter of this year, and this is the best time to accumulate, that model is a good motivation to buy more HODL more and keep following the market, but always remember only invest what you can afford to lose.

[JohnBitCo]

In the middle of the bull market, the big question of the moment is what price bitcoin (BTC) will reach in the coming months. And for the creator of the Stock-to-Flow or Reserves vs. Flow prediction model, by December we could be seeing the main cryptocurrency around $288,000.

Its important to realize that bitcoin will hit any price between 100K - 300K. If you have this vision, you will not end up selling at 50K, 60K or 90K. If you sell at these levels you will regret when bitcoin will be parabolic at the end of this cycle.

[molsewid]

Do you personally believe that? I mean PlanB's (@100trillionUSD) unique analysis?

When I first got acquainted with PlanB, I was kind of surprised at how high his predictions are. At first I thought he was simply too bullish that he is not anymore realistic. And then his predictions started to happen one after another. I realized the man has some solid basis in his predictions. So far, they seem to go along with the real price of Bitcoin. But $288,000 for Bitcoin within this year? I hope it will happen but I think it is way too high to reach.

Personally, i doubt about the projection of OP's searched metrics regarding the future price of bitcoin that may attain within this year. I do believe on the infinite capability of bitcoin which in fact bitcoin never cease to surprise us since this year came, its new ATH attain was unexpectedly came only a days difference after the last ATH which we already used to wait for the new ATH within the end of the year. What i truly mean is any number of new ATH are possible but yeah i guess its too high to reach also.

[bitzizzix]

There is a lot of good news that bitcoin is predicted to continue to increase this year and there will continue to be parties who will buy bitcoin in large quantities like the previous news because bitcoin is a very promising investment, and the increase in bitcoin is very high, is everyone's hope.
and I think this year bitcoin will hit $ 75,000 or $ 115,000 and that price is giving me optimism compared to the so called OP price.