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According to analyst PlanB, creator of the Stock-to-Flow model for charting the price of Bitcoin $7996.34 -0.03%, the next six months should see bullish sentiment return in full force.
[size=undefined][size=undefined]The reason, he argues, lies in Bitcoin’s [url=]history. Before the previous two block halving events in 2012 and 2016, BTC/USD surged 140% and 86% respectively.
If such a pattern repeats this time, the door is open for an advance from current levels up to $11,500.
“The halving is not priced in (or [Stock-to-Flow] model is wrong),” PlanB added in comments on a chart uploaded to Twitter on October 16.[/size][/size]