On November 8, 2021, the price of bitcoin reached an all-time high of $68,564 per unit at 10:57 p.m. Meanwhile, Plan B, the creator of the bitcoin price model called stock-to-flow (S2F), correctly predicted the last three months of bitcoin prices and recently said that, based on the floor model, the price would reach $ 100,000 this year.
‘Bitcoin Looking Strong’ — Plan B’s Poll Results Show 40% of Voters Believe $100K Will Happen This Year
Four months ago in June, Plan B tweeted that his “worst-case scenario for 2021” bitcoin (BTC) prices “on-chain based” would be “Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.” During the first week of August, Plan B reconfirmed its confidence in the price predictions and said “$ 64,000 was not the top.”
After correctly predicting the bitcoin prices for the months of August, September, and October, Plan B has been discussing BTC’s current price run-up during the first week of November. On November 3, plan B tweeted bitcoin’s relative strength index [is] 72 “and further noted that” bitcoin [is] looks strong.
Two days later, Plan B published a poll asking his 1.4 million Twitter followers if they thought bitcoin would reach “$500K, $288K (S2FX model), $100K (S2F model), or will BTC stay below $100K… by Christmas 2021?”
The poll got 242,008 votes before closing and 39.8% said it would reach $ 100,000 per unit. 31.4% of Plan B’s voters who participated in the poll believe the price could hit $288K, while 23.8% have the opinion that BTC will stay below $100K. 5% of 242,008 votes think there is a chance that BTC will reach $ 500,000 per unit.
S2F Model Predicts $100K Average, S2FX Model Predicts $288K Average
The same day the pseudo-anonymous analyst further asked his followers “Are you ready for +$10K daily candles?” Two days later, Plan B said “bitcoin long-term momentum is rising fast.”
About six hours before bitcoin (BTC) hit an all-time high on Monday night, Plan B spoke again about the six-digit price prediction.
“As you know S2F model predicts $100K average for this halving period (and based on floor model we reach $100K this yr),” Plan B said. “But the S2FX model predicts an average of $ 288,000 this cycle (we need real fireworks in 2022 for that). Let’s see where this 2nd leg of the bull market will take us,” the analyst added.
