The price of Bitcoin must rise more than 60% in the next 30 days to approach $100,000, according to the PlanB analyst behind the model. stock-to-flow Popular forecast He focused on the September closing price of BTC and the painful close in October.
Bitcoin will be close to $100K by the end of November?
PlanB is one of the most popular analysts in the cryptocurrency community. (cryptocurrency), best known for being the person behind the model. stock-to-flow
And with PlanB’s model envisioning BTC hitting six-digit territory by the end of the year. The most optimistic forecast for the price is $288,000 over the next 60 days.
His worst scenario, which is not based on S2F, still sees BTC above $100,000 by the end of 2021, but his target for December is $135,000, while November is $98,000.
If the major cryptocurrencies reach that price at the end of November Approximately 60% of the USD value must be added to the current price. Although it may seem like a difficult task at first, BTC has proven in the past to be moveable. Because in October alone, bitcoin rose more than 40%.
Aug $47K
Sep $43K
Oct $61K new monthly close ATH!
Ok ok, 3% rounding error .. close enough for me
Next targets: Nov>$98K, Dec>$135Kpic.twitter.com/7LSnQBYJ33
— PlanB (@100trillionUSD) November 1, 2021
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