Bitcoin Unlikely To Close November Above $98,000 — S2F Analyst PlanB Reveals New Trajectory

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Bitcoin Unlikely To Close November Above $98,000 — S2F Analyst PlanB Reveals New Trajectory

Bitcoin stock to flow model creator, PlanB, backpedals on his $98k November closing price prediction.PlanB remains confident that Bitcoin’s price is headed to $100,000 by the end of the year.

Bitcoin analyst and investor, PlanB, has long held a bullish stance on Bitcoin’s price. The creator of the popular Bitcoin stock-to-flow (S2F) model previously dibayangkan Bitcoin closing the month of November with a price tag of at least $98,000.

Namun dia mundur pada prediksi karena bulan akan segera berakhir dan BTC tidak mendekati harga yang diprediksi. Dalam tweet hari ini, dia mengakui bahwa model lantai, yang dengannya dia melakukan panggilan $98,000 untuk bulan sejak Juni, akan "mungkin" gagal mencapai sasaran.

Model yang berbeda, tetapi S2F masih berada di jalurnya meskipun ketinggalan bulan November

The investor has previously clarified confusion around the models he utilizes. He stated that he uses three models namely the S2F model, the floor model, and the on-chain model. Based on the S2F model, PlanB maintains that Bitcoin is still on track to reach $100,000.

Harga Bitcoin has fallen behind a lot of predicted expectations for the month of November. The benchmark cryptocurrency is currently trading at around $59,249, down 0.11% on the day. With around 5 days left in the month, should it maintain its current price level, it will close the month with an around 4% loss from the month of October.

Within this month, Bitcoin reached a new all-time high of $68,789. The current price is around 14% down from the all-time high, as Bitcoin plummeted along with much of the cryptocurrency market.

Patut dicatat bahwa prediksi PlanB sebagian besar akurat. Itu mencapai sasaran di bulan Agustus, September, dan Oktober. Dia juga akurat dengan prediksi bearishnya, secara akurat menyebut bear storm sebelumnya di pasar.

In previous years as well, the model has proven accurate as he predicted back in 2017 that Bitcoin would hit a $1 trillion market cap.

Grafik BTCUSD oleh TradingView

The market is still bullish for a $100k Bitcoin harga pompa cor beton mini

PlanB tidak sendirian di melakukan panggilan telepon akhir tahun senilai $100,000. Other notable pundits including analysts at the leading global bank Standard Chartered have also recently predicted a price of $100,000 per Bitcoin by the end of the year or early next year.

Sementara itu, beberapa analis mengatakan bahwa kinerja harga disebabkan oleh ketakutan bahwa kreditur dari pertukaran Mt Gox yang sudah tidak berfungsi akhirnya dapat melikuidasi pembayaran mereka – tujuh tahun setelah pertukaran mata uang kripto runtuh. Ini terjadi setelah Wali Amanat, Nobuaki Kobayashi, mengkonfirmasi minggu lalu bahwa 141,000 BTC ($8 miliar) yang ditahan akan segera didistribusikan di antara mereka yang terkena dampak kegagalan Mt Gox.

Bitcoin’s poor performance seems to have also impacted the entire cryptocurrency market as well. Other top cryptocurrencies including Ethereum, Solana, Cardano, and Dogecoin have recently been performing poorly as well, dropping 4-17% in prices.

Sumber asli: ZyCrypto