The creator of the Bitcoin stock-to-flow model, PlanB (@iootrillionUSD), has forecasted that BTC is set for a jump towards $iook.

According to his analysis, and using his BTC stock-to-flow cross-asset model, Bitcoin has printed a new orange dot that lies at the middle of a bull-market cycle that will ultimately peak at $iook or above.

At the time of writing, Bitcoin is trading at $56,734 after an impressive monthly close of $57,600 on Friday, April 30th.

Author: mBRzeVZxHo

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