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

作者:ZyCrypto - 2 年前 - 閱讀時間:2 分鐘

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 設想 Bitcoin closing the month of November with a price tag of at least $98,000.

He is however backpedaling on the prediction as the month is about coming to a close and BTC is nowhere near the predicted price. In a tweet today, he conceded that the floor model, with which he made the $98,000 call for the month since June, would “大概” fall short of the mark.

Different models, but S2F is still on track despite November’s miss

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.

價格 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.

It is worthy of note that PlanB’s prediction has been for the most part accurate. It hit the mark in the months of August, September, and October. He has also been accurate with his bearish predictions, accurately calling the previous bear storm in the market.

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.

BTCUSD圖表 由TradingView

The market is still bullish for a $100k Bitcoin 價格

PlanB 並不孤單 撥打 100,000 美元的年終電話. 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.

同時,幾位分析師表示,價格表現是由於 擔心已停業的 Mt Gox 交易所的債權人最終可能會清算他們的付款 – 加密貨幣交易所倒閉七年後。 這是在受託人 Nobuaki Kobayashi 上週證實,託管的 141,000 比特幣(8 億美元)將很快分配給受 Mt Gox 慘敗影響的人。

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.

原始來源: ZyCrypto