Jamie Redman reports in bitcoin.com that "this month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast missed the mark in November. Despite the recent bitcoin price drop, Plan B still seems confident bitcoin’s price is “on track towards $100K.”
Plan B tweeted four months ago that he believed BTC prices would be “Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K” in the worst-case scenario.
Three out of four of his predictions were correct and he missed the November prediction. He said “Floor model $98K [November] close will probably be a first miss (after nailing Aug, Sep, Oct). S2F model not affected and indeed on track towards $100K.”
Source credit and full story - https://news.bitcoin.com/plan-b-says-bitcoin-price-still-on-track-towards-100k-despite-missing-novembers-price-prediction/
Will Bitcoin hit $100K before the end of this year? What is your take? Given his track record, I would tend to agree with him.
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