News Snapshot:
Telegram PlanB, the creator of the widely disputed stock-to-flow model, has taken to Twitter to share some Bitcoin price predictions. The prominent analyst claims that Bitcoin is still on track to hit $135,000 by the end of 2021. And it’s his worst’s cast scenario. Image by twitter.com However, he believes that the bellwether cryptocurrency may continue trading below its April all-time high of $64,895 up till October. The pseudonymous Dutch Bitcoin advocate claims that the current drawdown is primarily driven by Elon Musk’s “energy FUD” and China’s ongoing crackdown on the Bitcoin mining industry. Bitcoin plunged a whopping 14 percent...
