Quote from: Ratimov on June 17, 2022, 09:46:45 PM

Quote from: Wenbing on June 17, 2022, 04:35:08 PM

There are many prediction models that predict the price of bitcoin. One of the famous models is the Plan B stock-to-flow model. It is predicted that BTC would reach $100k before the end of the year.

Plan B is a charlatan, it is impossible to predict the price of bitcoin by technical analysis, it is more and more like guessing and playing the lottery.

Quote from: Wenbing on June 17, 2022, 04:35:08 PM

1. Do you think such prediction models are realistic?

The future of bitcoin can only be determined on the basis of fundamental analysis, various charts and indicators do not work in the future, they are only suitable for speculation.

Quote from: Wenbing on June 17, 2022, 04:35:08 PM

2. What major event do you think will usher BTC and the entire industry into the next bullrun?

Opening of more and more bitcoin cities around the world (for example, the Swiss city of Lugano)

Quote from: Wenbing on June 17, 2022, 04:35:08 PM

3. Do you think Microstragy purchasing large units of btc will influence the price?

No. Large institutional purchases do not affect the price of bitcoin, as institutional ones do not think speculatively. Anyone who thinks that if some major player buys bitcoin and this means rapid growth, he is greatly mistaken.

Yes it's true as you said but the price cycle always changes when many buyers start buying their bitcoins again.
But on the other hand bitcoin also needs good news about its development so that people are more confident in bitcoin's growth in the future.
Because with the sweet issue that has thrown the world, the wider community has responded very quickly, especially the big investors, and that becomes a support for the increase in bitcoin prices in the future.