Bitcoin Price Will Close 3rd Best Month Ever if $10K Holds Until March

February 15, 2020 | By | Reply | 13 Readers More


Bitcoin (BTC) is having its third-best month in history, says the creator of a forecasting model that calls for a $100,000 price in 2021.

In a tweet on Feb. 14, PlanB, the analyst behind the stock-to-flow model, said many were ignoring just how successful February has been for Bitcoin.

February 2020 in top 3 BTC price months

“Few people realize we are currently in the third best #bitcoin month ever,” he summarized.

Attention this year has mainly focused on Bitcoin’s January gains. Year to date, BTC/USD has shot up over 40%. 

Nonetheless, at $10,240, Bitcoin would have its third strongest month on record if it were to close at similar levels in two weeks’ time. 

As PlanB noted, only December 2017 and June 2019 saw higher monthly closes, at around $13,880 and $10,760 respectively.

Bitcoin price six-year monthly chart

Bitcoin price six-year monthly chart. Source: TradingView

19% too optimistic?

Traders…

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