{"id":324212,"date":"2021-08-14T11:47:01","date_gmt":"2021-08-14T08:47:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-price-passes-47k-worst-case-scenario-as-bitcoin-realized-cap-hits-all-time-high\/"},"modified":"2021-08-14T11:47:01","modified_gmt":"2021-08-14T08:47:01","slug":"btc-price-passes-47k-worst-case-scenario-as-bitcoin-realized-cap-hits-all-time-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-price-passes-47k-worst-case-scenario-as-bitcoin-realized-cap-hits-all-time-high\/","title":{"rendered":"# BTC price passes $47K &#8216;worst-case scenario&#8217; as Bitcoin realized cap hits all-time high"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d56dd97e2e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d56dd97e2e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-price-passes-47k-worst-case-scenario-as-bitcoin-realized-cap-hits-all-time-high\/#Bitcoin_price_no_longer_in_its_%E2%80%9Cworst_case_scenario%E2%80%9D\" >Bitcoin price no longer in its &#8220;worst case scenario&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-price-passes-47k-worst-case-scenario-as-bitcoin-realized-cap-hits-all-time-high\/#Realized_cap_joins_hyperbullish_Bitcoin_metrics\" >Realized cap joins hyperbullish Bitcoin metrics<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># BTC price passes $47K &#8216;worst-case scenario&#8217; as Bitcoin realized cap hits all-time high <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) at $47,000 is turning heads but is in fact only the &#8220;worst-case scenario&#8221; for one of its most popular analysts.<\/p>\n<p>In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that $47,000 should be just the beginning for BTC\/USD.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_price_no_longer_in_its_%E2%80%9Cworst_case_scenario%E2%80%9D\"><\/span>Bitcoin price no longer in its &#8220;worst case scenario&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Following the May miner rout from China and accompanying BTC price crash, long-established price models based on the stock-to-flow principle saw a major test of their reliability.<\/p>\n<p>Even PlanB himself had moments of uncertainty as Bitcoin dipped to lows of $29,000.<\/p>\n<p>At the time, however, he predicted that a return to strength as the dust settled on the mining reorganization would propel the market far higher. <\/p>\n<p>August, or more specifically the August close, should be $47,000, he said. On a month-by-month basis, BTC\/USD should then continue rising to hit an end-of-year &#8220;worst-case scenario&#8221; price of $135,000.<\/p>\n<p>While facing stiff criticism, PlanB&#8217;s forecast came true this week as Bitcoin passed $47,000 after spending several days attempting to dislodge a giant resistance barrier at exactly that level.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"lt\" dir=\"ltr\">\u2705 Aug &gt; $47K <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/tj6SSwSzKR\">https:\/\/t.co\/tj6SSwSzKR<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1426288285975031816?ref_src=twsrc%5Etfw\">August 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Realized_cap_joins_hyperbullish_Bitcoin_metrics\"><\/span>Realized cap joins hyperbullish Bitcoin metrics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a potentially interesting twist, the coming weeks could even see a modest reversal closer to $40,000, according to the same prediction. So far, bears have had a tough time keeping the market down for long, analysts pointing to multiple factors all favoring upside over a correction.<\/p>\n<p><strong><em>Related:\u00a0Price analysis 8\/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC<\/em><\/strong><\/p>\n<p>&#8220;Bitcoin price AND 200 week moving average AND realized cap .. ALL rising,&#8221; PlanB added.<\/p>\n<p>Realized cap, a method of assessing Bitcoin&#8217;s market cap based on the price at which each coin last moved, broke all-time highs with Friday&#8217;s move higher. It now stands at over $378 billion.<\/p>\n<p>&#8220;Translation: The capital stored in the Bitcoin network just broke an all-time-highs,&#8221; statistician Willy Woo <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1426431706970550274\">responded<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>. <\/p>\n<blockquote><p>&#8220;The network has more money in it today at $47k than it did at $64k in April. Realised Cap estimates this by summing the price paid for every coin in BTC&#8217;s circulating supply.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/13a9e1f1-0cd6-46cf-89c4-687695eb4d46.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin realized cap vs. BTC\/USD chart. Source: Glassnode\/ Twitter<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/btc-price-passes-47k-worst-case-scenario-as-bitcoin-realized-cap-hits-all-time-high\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# BTC price passes $47K &#8216;worst-case scenario&#8217; as Bitcoin realized cap hits all-time high &#8221; Bitcoin (BTC) at $47,000 is turning heads but is in fact only the &#8220;worst-case scenario&#8221; for one of its most popular analysts. In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":324213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNDIyMjlhOTgtNzQ5MS00MDA2LWFlN2MtYjVkODIzYjgyYjYxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-324212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=324212"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/324213"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=324212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=324212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=324212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}