Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction

Plan B

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 Bitcoin Price Prediction For November Misses Analyst’s $98K Call

The infamous pseudonym 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 scarcity of the commodity (bitcoin) and then divide it by annual issue (the stream). The analyst did well on bitcoin (BTC) price predictions, but this month one of his calls missed.

It started four months ago when Plan B tweeted about his “worst-case scenario for 2021” forecast in June. Plan B stated that he believed BTC prices would be “Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K” in the worst-case scenario.

So far, three of his four monthly price predictions have come to fruition and Plan B was also okay when it came out. noted: “$ 64K was not 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 Acknowledges November Price Prediction Missed

Plan B acknowledged that his prediction missed this month as bitcoin (BTC) prices slid under the $60K zone following the recent $69K ATH. “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,” Plan B stressed to his 1.5 million followers on November 25.

More than 39,000 accounts on Twitter liked the tweet and it has been 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 crypto asset’s relative strength index (RSI). “Bitcoin RSI 66 and 10% below monthly close ATH,” Plan B said. The following 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 the price of BTC will exceed $ 69,000 while 21.6% voted that “$ 69,000 was the best”.

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