Plan B Says Bitcoin Price Still ‘On Track To $ 100,000’ Despite Missing November Price Prediction – Bitcoin Planet Market News

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This month, the price of bitcoin fell below the $ 60,000 area this month after hitting an all-time high (ATH) of $ 69,000 per unit. The pseudonymous bitcoin analyst and creator of the stock-to-flow (S2F) bitcoin price model, Plan B, correctly called the last three months bitcoin prices, but the “worst-case scenario” forecast of the analyst missed the mark in November. Despite the recent drop in the price of bitcoin, Plan B still seems confident that the price of bitcoin is “on track to $ 100,000”.

Plan B Bitcoin price prediction for November misses analyst’s $ 98,000 call

The infamous pseudonymous bitcoin analyst Plan B is well respected among bitcoiners and has amassed 1.5 million Twitter followers since October 2017. Plan B is the creator of the popular bitcoin price model called stock-to-flow (S2F) , which quantifies the commodity (bitcoin) scarcity and then divides it by annual emission (the flow). The analyst did well on bitcoin (BTC) price predictions, but this month one of his calls missed.

It all started four months ago when Plan B tweeted its “worst-case 2021” forecast in June. Plan B said it believed BTC prices would be “August> 47K, Sep> 43K, October> 63K, November> 98K, December> 135K” in the worst case.

BTC / USD price (daily chart) on Bitstamp on November 29, 2021.

So far, three of his four monthly price predictions have come true, and Plan B was also right when he said, “$ 64,000 wasn’t the best. This month’s failure was the first time that Plan B’s prediction was in error as the November call had a target of $ 98,000.

Plan B admits November price prediction was missed

Plan B acknowledged that its prediction fell short this month as bitcoin (BTC) prices slipped below the $ 60,000 zone after the recent ATH of $ 69,000. “Floor model $ 98,000 [November] close will probably be the first failure (after nailing August, September, October). The S2F model is unaffected and is on track to hit $ 100,000, ”Plan B told its 1.5 million followers on November 25.

More than 39,000 accounts on Twitter liked the tweet and it was shared almost 5,000 times. Predicting three out of four predictions correctly is very good, and Plan B followers are curious to know what the price will be for the month of December.

Two days later, the pseudonymous Bitcoin analyst tweeted about the relative strength index (RSI) of the crypto asset. “Bitcoin RSI 66 and 10% below ATH at monthly close,” said Plan B. The next day, Plan B noted that “bitcoin has better risk-adjusted returns than all other assets”.

The analyst also created a poll, which is still 19 hours old, but has so far received 142,490 votes. The poll asks if $ 69,000 was the peak of this halving cycle or if the price of bitcoin (BTC) will exceed the $ 69,000 ATH reached on November 10. Plan B survey statistics indicate that at the time of writing, 78.4% believe BTC will cost more than $ 69,000 while 21.6% voted “$ 69,000 was the best.”

Tags in this story $ 100,000, $ 288,000, Record price, ATH, Bitcoin, Bitcoin (BTC), Bitcoin price, BTC, BTC price, Bull, Bullish, Charts, forecast, Plan B, prediction, pseudo-anonymous analyst, S2F predictions, S2F vs time model, six digits, stock-flow, stock-flow vs time model, Twitter

What do you think about the fact that Plan B misses the November forecast but correctly forecasts the last three months before? Do you think bitcoin is heading towards $ 100,000 or do you think $ 69,000 was the best? Let us know what you think of this topic in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons, Twitter,

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