The bitcoin course takes things a bit slower in the last few days. The price movements are less large than a few weeks ago. But on crypto-twitter it is anything but quiet. What do different analysts think about the price of bitcoin? A tour of the fields.
Parabolic phase bitcoin just started
Peter Brandt is a well-known analyst, he analyzes various financial markets. Every now and then he also gives his opinion about the course of bitcoin.
Peter Brandt retorts Raoul Pal. Pal is the founder and CEO of Global Macro Investor, an investment company. He does not wind it up: “If you don’t have a bitcoin right now, this seems like the last chance to step into the rocket.”
Brandt agrees with Pal: “There is a chance that bitcoin is in its fourth parabolic phase.”
Possibility that $ BTC has entered fourth parabolic phase https://t.co/q4nAgkVJff pic.twitter.com/PL2LQ4ANOY
– Peter Brandt (@PeterLBrandt) September 1, 2019
By a parabolic phase, Peter Brandt means that the bitcoin course moves up in a parabola. The course then moves up faster and faster, until it reaches a new high.
The last parabolic phase was during the bull market of 2016 and 2017, when bitcoin reached a peak of no less than 16,000 euros. Will there be a new high point of the race next year?
“Bitcoin stock-to-flow model is stronger than with litecoin”
PlanB also appears again. PlanB is known for applying the stock-to-flow model to the bitcoin price. According to him, there is a strong relationship between this model and the price development of bitcoin.
PlanB talks in its last tweet about the course of litecoin. According to PlanB, the value of litecoin cannot be predicted by the model. The litecoin block halving has hardly any effect on the price development of litecoin.
Some people think that because litecoin didn’t jump on ltc halving, btc halving will also be irrelevant for #bitcoin. That logic is flawed. LTC price doesn’t have a significant relationship with stock to flow, so halvings are indeed irrelevant. BTC price-s2f relationship is strong ? https://t.co/5Wx7vHLvUd
– PlanB (@ 100trillionUSD) August 31, 2019
According to PlanB, the bitcoin block halving does have an effect on the price of bitcoin. PlanB does make a note in its analyzes: the stock-to-flow model does not predict the price of bitcoin. The model only shows the price level around which bitcoin moves.
“Bitcoin can become $ 28,000”
Max Keiser is one of the first investors in bitcoin. It is therefore not surprising that he is always positive about bitcoin and the course. According to Keiser, bitcoin has much more to offer regarding the price:
#Bitcoin hash approaches 90 Quintillion. Per protocol hard-coded Game Theory, hash precedes price. $ 28,000 in play.
– Max Keiser, tweet poet. (@maxkeiser) September 1, 2019
Keiser refers to the total computer power on the bitcoin network. The more hashes per second there are, the more computer power the network has. More computer power ensures better security on bitcoin as a payment network. It is hard to hack now.
According to Keiser, the number of hashes per second also says something about the price of bitcoin. And in that case it can be very positive. Can we soon expect a rate of $ 28,000 per bitcoin?
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