• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
bitcoin price skyrockets

Bitcoin Has Officially Entered A New Bullish Phase Says Analyst PlanB

Anatol Antonovici by Anatol Antonovici
4 years ago
in Bitcoin, Bitcoin News, Bitcoin Price, News, News teaser
0

Twitter user PlanB, who is known for his Bitcoin statistical model based on the stock-to-flow ratio, said that we’re now entering a new phase, citing his fractal dimension indicator. The chances are that we’ll see a strong bullish rally in 6 to 12 months, which coincides with the next halving.


Bitcoin and Stock-to-Flow

Recently, we reported how German bank BayernLB used PlanB’s model to conclude that there was a correlation between Bitcoin’s price and its stock-to-flow ratio.

The stock-to-flow (SF) ratio is calculated by dividing the Bitcoin’s current supply by the number of coins produced per a given period. The indicator shows the scarcity or abundance of an asset. Analysts use it for commodities like gold. The latter is actually the commodity with the highest SF ratio, suggesting that it is scarce and hard to produce.

As you might know, it’s getting more and more difficult to produce new Bitcoin because of increasing competition among miners. The phenomenon impacts the SF figure, which, according to PlanB, is the main driving force that pushes the Bitcoin price up.

PlanB focuses on the SF ratio to explain why Bitcoin prices went from pennies to the current $10k-ish figures.

Understanding Fractals

Another interesting finding is that Bitcoin displays a power-law relationship and acts as a fractal.

In mathematics, a fractal represents a never-ending pattern that repeats itself infinitely. While fractals are infinitely complex in practice, they display self-similar patterns across different scales.

In nature, we can notice fractal-like geometries in trees, flowers, river deltas, and even in species of broccoli. The mathematical concept was described in detail by Benoit Mandelbrot, who created the Mandelbrot set – the most famous fractal.

Generally, fractal systems show power-law behavior at different scales. The power-law refers to the functional relationship between two quantities, in which a relative change in one quantity causes a proportional relative change in the other quantity. What’s essential, the initial size of the quantities doesn’t matter. In other words, Bitcoin behaved at $10 similarly to how it behaves at $10,000.

According to PlanB’s recent tweet, the Bitcoin fractal dimension shows that we are entering a new phase. Thus, we might see a bullish rally in up to 12 months. That rally might be the switch to another scale, meaning that we’ll see Bitcoin fluctuating at around $100,000 after 2020.

#bitcoin fractal dimension (parameter b in a power law function y=a*x^b) indicates we are entering a new phase: orange/red. Although it doesn't feel very orange/bullish at the moment, I am very exited about next 6-12 months ? pic.twitter.com/RzfScTPnpq

— Plan₿ (@100trillionUSD) October 3, 2019

Do you think Bitcoin will trade at $100,000 in the next few years? Share your expectations below!


Images via Shutterstock, Twitter:@100trillionUSD, PlanB

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Anatol Antonovici

Anatol Antonovici

Related Posts

crypto

Top Crypto Strategist Shares Alarming Bitcoin Price Forecast

10 hours ago
Bitcoin

Current Bitcoin Cycle Has Broken This Fee Pattern For The First Time

1 day ago
Bitcoin BTC BTCUSDT

Fed’s Predicament is Bitcoin’s Opportunity: Why New Highs Are Possible In 2023

1 day ago
Crypto founder and bitcoin millionaire found dead

Bitcoin Millionaire Founder Found Dead After He Was Reported Missing

2 days ago
Introducing CoinChartist (VIP): Expert Crypto Insights, Custom Technical Tools, NFTs & More

Introducing CoinChartist (VIP): Expert Crypto Insights, Custom Technical Tools, NFTs & More

2 days ago
Bitcoin Mining

Bitcoin 7-Day Hashrate Sets New ATH, Here’s How Difficulty Will Change Next

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    2 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    2 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    2 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • As Polygon (MATIC) volumes soar, top analysts forecast...

    2 hours ago
  • Strategic Crypto Investments: 5 Coins to Watch in 2023

    5 hours ago
  • XRP Consultant and AI Crypto Analyst States ‘Best...

    9 hours ago
  • 6 Figures Crypto Portfolio Builder: Cosmos (ATOM)...

    10 hours ago
  • Floki Inu Trading Volume Jumps 300% in 24 Hours—Enough to...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.