Plan B stated that despite missing the November price forecast, the Bitcoin price is still “moving towards the $100,000 track” – Market Update Bitcoin News

This month, after hitting an all-time high (ATH) of US$69,000 per unit, the price of Bitcoin fell below the US$60,000 area this month. The anonymous Bitcoin analyst and creator of the Bitcoin price model called Stock-to-Flow (S2F), Plan B, correctly predicted the Bitcoin price in the past three months, but the analyst’s “worst case” prediction is The goal was not reached in November. Despite the recent decline in the price of Bitcoin, Plan B still seems to believe that the price of Bitcoin is “expected to reach $100,000”.

Plan B’s Bitcoin price forecast for November is lower than the analyst’s U.S. dollar98K call

Notorious Bitcoin analyst Plan B It is highly regarded among Bitcoin enthusiasts and has accumulated 1.5 million Twitter followers since October 2017. Plan B is the creator of the popular Bitcoin price model called Inventory to flow (S2F), It quantifies the scarcity of the commodity (Bitcoin) and then divides it by the annual issuance (traffic). Analysts have done a great job with Bitcoin (Bitcoin) The price forecast is worrying, but one of his calls was missed this month.

It started four months ago when Plan B Tweet Regarding his June “worst-case scenario in 2021” forecast. Plan B says he believes Bitcoin In the worst case, the price will be “Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K”.

Plan B stated that despite missing the November price forecast, the Bitcoin price is still
BitcoinThe /USD price on Bitstamp on November 29, 2021 (daily chart).

So far, three-quarters of his monthly price forecasts have been achieved, and when his plan B is also correct Said: “US$64,000 is not the highest.” This month’s error is the first time that Plan B’s forecast has deviated because the November call has a target of US$98,000.

Plan B admits that it missed its November price forecast

Plan B recognizes his prediction as Bitcoin this month (Bitcoin) After the recent ATH of US$69,000, the price fell to the US$60,000 area. “Floor Model $98K [November] The closure may be the first time I missed it (after confirming August, September, and October). The S2F model is unaffected, and it is indeed expected to reach US$100,000, “Plan B emphasize On November 25th, his 1.5 million fans.

More than 39,000 accounts on Twitter liked this tweet and it was shared nearly 5,000 times. The correct prediction of three-quarters of the forecast is very good, and the followers of Plan B are curious about the price in December.

Two days later, the anonymous Bitcoin analyst posted information on the Relative Strength Index (RSI) of encrypted assets on Twitter. “Bitcoin RSI 66 is 10% lower than the monthly closing price ATH,” Plan B Said. The next day, plan B famous “Bitcoin’s risk-adjusted returns are better than all other assets.”

Plan B stated that despite missing the November price forecast, the Bitcoin price is still

The analyst also created a poll with 19 hours left to vote, but has received 142,490 votes so far. Opinion polls asked whether $69,000 is the highest point of this halving cycle, or the price of Bitcoin (Bitcoin) Will exceed the $69K ATH reached on November 10. Statistics from the polls of Plan B Indicates that at the time of writing, 78.4% of people think BitcoinThe price will exceed 69,000 U.S. dollars, and 21.6% of people voted that “69,000 U.S. dollars is the highest.”

Tags in this story

100,000, 288,000 USD, Highest price in history, ATH, Bitcoin, Bitcoin (BTC), Bitcoin price, Bitcoin, Bitcoin price, bull, Bullish, chart, forecast, Plan B, prophecy, Fake anonymous analyst, S2F forecast, S2F vs time model, Six digits, Inventory to flow, Inventory-to-flow vs. time model, Twitter

How do you think Plan B missed the November forecast but correctly predicted the forecast for the past three months? Do you think the price of Bitcoin is $100,000 or $69,000 is the highest? Please tell us your thoughts on this topic in the comments section below.

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