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Stock-To-Flow Creator “Relieved” After Bitcoin Price Plummets Below Trajectory

Bitcoin fell below $50,000 on Friday. The pioneer cryptocurrency is currently trading at around $49,405 at 11:10 GMT. Within the last 24 hours, the coin lost 8.9%, a massive loss to traders and investors. However, stock-to-flow models creator, PlanB, has said that he’s relieved that the coin has lost over 22% in just a week. Saying that Bitcoin is still acting “like clockwork” with regards to their price predictions. “I Am Sort Of Relieved,” Says PlanB In a tweet on Friday, analyst PlanB noted that the price dip to under $48,000 has sent BTC below it’s target laid out by…

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