Bitcoin Bull Run To Start On Thursday After Difficulty Adjustment

As you may recall, last week Bitcoinist published an article regarding an analysis of Bitcoin difficulty adjustment by PlanB. The upshot of the analysis was that the previous 7% difficulty reduction could actually signal the start of a major bull-run… if followed by a significant increase.

At the time of PlanB’s analysis, a 4% increase in difficulty was predicted during the adjustment. However, by the time the article was written, it had changed to an expected 0.8% fall. Well the good news is, that since then miners have been churning out blocks, and now a 4% increase in difficulty is back on the cards again for this Thursday.

Bull run, ahoy?

9-Years Of Historical Data Can’t Be Wrong

PlanB, the champion of the stock-to-flow (S2F) model for Bitcoin, is regularly featured here at Bitcoinist. The model is one of the most accurate historical price prediction tools, and gives a bullish longer term forecast of a $100k bitcoin price by 2021.

PlanB first started to analyse…