Christmas Gift 2021: $50K BTC After PlanB $100k Miss
Following an epic fail from pseudonymous analyst, PlanB, Bitcoin was trading at $50,000 on December 25th, avoiding an unwelcome Christmas Day surprise for BTC bulls. PlanB Model Fails Bitcoin PlanB’s model failed many crypto investors who must be looking at their portfolios with disappointment, as the pseudonymous analyst’s $100,000 Bitcoin prediction did not come true on December 25. BTC/USD maintained $50,000 support into the weekend, according to TradingView data, after ranging following local highs above $51,500. As the Christmas season began, the pair remained placid, with....
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PlanB, the popularizer behind the Bitcoin S2F method, says the model predicts BTC will break $100k by this Christmas. The Bitcoin Stock-To-Flow Model According to PlanB on Twitter, the BTC stock-to-flow (or S2F in short) model predicts that the cryptocurrency is on its way to break $100k by Christmas. The S2F model is a method to predict the price of an asset based on the ratio of the stock (supply) to the flow (annual production). PlanB is commonly known as the originator of the model, which is, however, not true. The method was already used for other assets like gold or silver before the....
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....
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,....
O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit! Transactions keep on moving! Not only when the markets soar. But also when the bearwhales roar! O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit. You've seen so much this year! O Christmas Bit, O Christmas Bit. The new year is so near! From IBM to Microsoft, From BitLicense to old Mt Gox! O Christmas Bit, O Christmas Bit! You've seen so much this year! O Christmas Bit, O Christmas Bit. The snow outside, it glistens! O Christmas Bit, O Christmas....
The Bitcoin bull run of 2021 has "at least some months" left to go, says PlanB amid impatience as BTC/USD hovers below recent highs. Bitcoin (BTC) has plenty of room to grow in its current bull run and “will not stop” at $100,000, according to analysts including PlanB.In various posts on social media on March 17, the stock-to-flow Bitcoin price model creator joined others in predicting huge new all-time highs for BTC/USD.PlanB taps S2FX model's $288,000 average priceWith Bitcoin trading sideways below both its recent peaks of $58,300 and $61,700, investors are curious about where the 2021....