PlanB, the popularizer of the Bitcoin stock-to-flow (S2F) model, says the current bull run still has a second leg remaining. PlanB “Awaiting” The Second Leg Of This Bitcoin Bull Market According to PlanB on Twitter, the S2F and S2FX models predict a second leg in the current bull run that will bring new highs for BTC. As the name may suggest, the Bitcoin S2F or stock-to-flow model is based on the ratio between the stock (supply) and the flow (supply). The model is actually a general one, meaning it can be applied on any commodity. Higher the S2F value, more scarce is the asset. The method has been popularly used for precious metals like gold and silver, while PlanB applied it to Bitcoin. Here is how the current S2F price chart for BTC looks like: The price as predicted by the Bitcoin S2F model | Source: buybitcoinworldwide.com As the graph shows, BTC’s price seems to be treading remarkably close to the line predicted by the S2F model. There are certain regions of deviations, but the overall trend seems to be intact nonetheless. Related Reading | A Generational Bitcoin Buy Signal Is Almost Back Below is the chart that PlanB posted today. It shows BTC’s trajectory after the 2012, 2016, and 2020 halving. Red indicates the current 2020 bull run | Source: PlanB The two green lines in the chart show the price targets as predicted by the S2F and S2FX models. The S2FX model is a slight modificati...
