Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts ...
PlanB’s floor model misses its target in a historic first as fresh bear pressure mounts for Bitcoin price action. Bitcoin (BTC) has failed to hit the November closing price demanded by one of its best-known models — but its creator is not giving up.In a Twitter post on Dec. 1, PlanB said that he would give his floor model one more month to prove itself.BTC floor model on probation BTC/USD should have rounded out November in a “worst-case scenario” of $98,000, but a combination of factors conspired to produce a much lower monthly close.At close to $57,000, the pair firmly missed its target,....
Related News
$60,000 would be a monthly record, but longstanding analysis demands a minimum of $63,000 by the start of November. Bitcoin (BTC) delivered fresh retests of $60,000 support on Oct. 31 with a matter of hours left until the crucial monthly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRecord monthly close hangs by a threadData from Cointelegraph Markets Pro and TradingView showed lackluster price action on Sunday, with BTC/USD below the "worst case scenario" for its October close.Analysts were eagerly awaiting to see if the end of the month could provide a turnaround and....
October 2021, with 40% gains, becomes the best for Bitcoin price action since December 2020, even beating the Q1 run. Bitcoin (BTC) sees a volatile start to a new week and a new month after its first ever monthly close above $60,000 — what’s next?After a highly anticipated end to “Uptober,” bulls are looking to November to provide the next phase of what they hope — and sometimes promise — will be a BTC price surge like no other.The timing varies, and so do the predictions. In store for BTC/USD this month could be a monthly close of nearly $100,000 — but also a dip to near $50,000.With....
Today, June 30 marks the last day of the month, and after around 8PM ET the Bitcoin monthly candle will come to a close. This monthly candle isn’t anywhere as damaging as this past May, which historically was one of the worst on record. However, there’s no denying that this month was also still fairly […]
Hodlers are up 200% since last Thanksgiving, as PlanB prepares for the first miss on record for his Bitcoin price floor prediction model. Bitcoin (BTC) will “probably” miss out on its predicted monthly close for November, analyst PlanB concedes.In a Twitter update on Nov. 25, the creator of the “worst-case scenario” end-of-month price forecasts prepared to accept defeat for the first time.First-ever miss “probable” for Bitcoin floor modelAt around $40,000 short, Bitcoin is currently far below what should have been its minimum monthly close for November.Now, PlanB acknowledges that BTC/USD....
Bitcoin had a major macro candle close yesterday, posting both its monthly and quarterly candle. Although BTC saw little volatility heading into this close, the cryptocurrency was able to hold well-above $10,500 before and after it took place, which provided bulls with a serious boost. Overnight, the strength resulting from this close allowed Bitcoin to […]