March 12 was a tough day for the rest of the bitcoin and crypto market. For the cryptocurrency market, Bitcoin lost nearly 50 percent on the day as “Black Thursday” and there was a collapse that upset the support levels for all crypto assets.
On the other hand, PlanB, the creator of the stock flow (S2F) model, came forward to say that Bitcoin (BTC) will reach $ 100,000 despite the collapse.
Some people think S2F model broke yesterday. Of course it did not. the #bitco oscillated nicely around model value and stayed well within model bands. The extreme volatility within the model bands shakes out the weak hands. No extreme returns without extreme risk (volatility). pic.twitter.com/6ub3ho3ze7
– PlanB (@ 100trillionUSD) March 13, 2020
The data provided by the S2F model, which tries to show the past and future price movements of Bitcoin based on scarcity, has high accuracy. While the black swan situation of Bitcoin and other crypto assets seemed to be circumvented based on the price movements of the leading crypto asset, the Dutch analyst underlined that this drop in Bitcoin is an opportunity, saying that it is very difficult for investors to earn from a crypto asset without excessive price fluctuations. .
The cryptocurrency market had similar crashes in the past, but the market has somehow managed to recover. The common opinion of many analysts such as PlanB, where the crypto market, which is also in a collapse, will once again rise after the half-time event of Bitcoin.
Related posts:
GitHub Libra Code draws criticism from users 
Tipping on Reddit and Vimeo in BAT introduced by Brave 
Newcomers to the crypto market have to pay attention to scams and pump and dumps 
Hardly any growth in downloaded crypto apps, despite tripling price bitcoin 
Bloomberg accepts Bitcoin – says cryptomonads are here to stay 
The Central Bank can release their cryptocurrencies earlier than expected
