As Bitcoin soars above US$68,000, Plan B says that the floor model shows that BTC has reached US$100,000 this year – Market Update Bitcoin News
On November 8, 2021, at 10:57 p.m. (Eastern Time) on Monday, the price of Bitcoin reached a record high of $68,564 per unit. At the same time, Plan B, the creator of the Bitcoin price model inventory-to-flow (S2F), has correctly predicted the Bitcoin price in the past three months, and recently stated that according to the lower bound model, this year’s price will reach $100,000.
“Bitcoin looks strong”-The results of the poll for Plan B show that 40% of voters believe that $100,000 will happen this year
Four months ago in June, Plan B Tweet His “worst-case scenario in 2021” Bitcoin (BTC) The price “based on the chain” will be “August> 47K, September> 43K, October> 63K, November> 98K, December> 135K.” In the first week of August, Plan B double confirm He was confident in the price forecast and said that “US$64,000 is not the highest price.”
After correctly predicting the Bitcoin price in August, September and October, plan B has been discussing BitcoinThe current price increase in the first week of November. November 3, Plan B Tweet That Bitcoin’s “Relative Strength Index” [is] 72″ and further stated that “Bitcoin [is] Looks very strong. “
Two days later, plan B Publish A poll asked his 1.4 million Twitter followers whether they thought Bitcoin would reach “500,000 U.S. dollars, 288,000 U.S. dollars (S2FX model), 100,000 U.S. dollars (S2F model), or Bitcoin Stay below $100,000…By Christmas 2021? “
The poll received 242,008 votes before the end, and 39.8% of people said it would reach US$100,000 per unit.31.4% of plan B voters who participated in the poll thought that the price could reach 288,000 US dollars, while 23.8% thought Bitcoin Will remain below 100,000 U.S. dollars. 5% of 242,008 votes think there is a chance Bitcoin Each unit will reach 500,000 U.S. dollars.
The S2F model predicts an average of 100,000 U.S. dollars, and the S2FX model predicts an average of 288,000 U.S. dollars
On the same day, the pseudo-anonymous analyst went further Ask His followers “Are you ready to accept a candle of $10,000 per day?” Two days later, Plan B stated that “Bitcoin’s long-term momentum is rising rapidly.”
Some people think that the November closing price of 98,000 US dollars has risen too much. It is +60% of the current level. Yes, this is a big jump.but #Bitcoin Have done it many times before:
May 2019 +62%
August 2017 +66%
May 2017 +66%
November 2013 +451%
October 2013 +61%
March 2013 +181%
February 2013 + 63% etc. pic.twitter.com/1VAmwxAYox
— PlanB (@100trillionUSD) November 5, 2021
About six hours ago Bitcoin (BTC) At a record high on Monday night, Plan B once again talked about six-figure price forecasts.
“As you know, the S2F model predicts an average price of $100,000 during this halving period (according to the underlying model, we reached $100,000 this year),” Plan B Said“But the S2FX model predicts an average price of $288,000 for this cycle (for this, we need to see some real fireworks in 2022). Let’s see where the second phase of the bull market will take us,” analysis The teacher added.
What do you think of Plan B’s inventory-to-flow (S2F) bitcoin price forecast? Please tell us your thoughts on this topic in the comments section below.
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