{"id":14112,"date":"2021-11-09T13:54:08","date_gmt":"2021-11-09T13:54:08","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/as-bitcoin-soared-past-68k-plan-b-says-floor-model-shows-btc-reaching-100k-this-year\/"},"modified":"2021-11-09T13:54:08","modified_gmt":"2021-11-09T13:54:08","slug":"as-bitcoin-soared-past-68k-plan-b-says-floor-model-shows-btc-reaching-100k-this-year","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/as-bitcoin-soared-past-68k-plan-b-says-floor-model-shows-btc-reaching-100k-this-year\/","title":{"rendered":"As Bitcoin Soared Past $68K, Plan B Says Floor Model Shows BTC Reaching \u2018$100K This Year\u2019"},"content":{"rendered":"

On November 8, 2021, the price of bitcoin reached an all-time high of $68,564 per unit at 10:57 p.m. (ET) on Monday evening. Meanwhile, Plan B, the creator of the bitcoin price model called stock-to-flow (S2F), has correctly predicted the last three months of bitcoin prices and recently said that based on the floor model the price will reach $100K this year. <\/strong><\/p>\n

\u2018Bitcoin Looking Strong\u2019 \u2014 Plan B\u2019s Poll Results Show 40% of Voters Believe $100K Will Happen This Year<\/h2>\n

Four months ago in June, Plan B tweeted<\/a> that his \u201cworst-case scenario for 2021\u201d bitcoin (BTC)<\/a> prices \u201con-chain based\u201d would be \u201cAug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.\u201d During the first week of August, Plan B reconfirmed<\/a> his confidence in the price forecast and said \u201c$64K was not the top.\u201d<\/p>\n

After correctly predicting the bitcoin prices for the months of August, September, and October, Plan B has been discussing BTC<\/a>\u2019s current price run-up during the first week of November. On November 3, Plan B tweeted<\/a> that bitcoin\u2019s \u201cRelative Strength Index [is] 72\u201d and further noted that \u201cbitcoin [is] looking strong.\u201d<\/p>\n

Two days later, Plan B published<\/a> a poll asking his 1.4 million Twitter followers if they thought bitcoin would reach \u201c$500K, $288K (S2FX model), $100K (S2F model), or will BTC<\/a> stay below $100K\u2026 by Christmas 2021?\u201d<\/p>\n

The poll got 242,008 votes before closing and 39.8% said it would reach $100K per unit. 31.4% of Plan B\u2019s voters who participated in the poll believe the price could hit $288K, while 23.8% have the opinion that BTC<\/a> will stay below $100K. 5% of the 242,008 votes believe there is a chance BTC<\/a> will hit $500K per unit.<\/p>\n

S2F Model Predicts $100K Average, S2FX Model Predicts $288K Average<\/h2>\n

The same day the pseudo-anonymous analyst further asked<\/a> his followers \u201cAre you ready for +$10K daily candles?\u201d Two days later, Plan B said \u201cbitcoin long-term momentum is rising fast.\u201d<\/p>\n

Some people think Nov close $98K is too big a jump. It is +60% from current level. Yes that is a big jump. But #bitcoin<\/a> did this many times before:
May 2019 +62%
Aug 2017 +66%
May 2017 +66%
Nov 2013 +451%
Oct 2013 +61%
Mar 2013 +181%
Feb 2013 +63% etc pic.twitter.com\/1VAmwxAYox<\/a><\/p>\n

\u2014 PlanB (@100trillionUSD) November 5, 2021<\/a><\/p>\n<\/p>\n

About six hours before bitcoin (BTC)<\/a> tapped an all-time high on Monday evening, Plan B once again spoke about the six-digit price prediction.<\/p>\n

\u201cAs you know S2F model predicts $100K average for this halving period (and based on floor model we reach $100K this yr),\u201d Plan B said<\/a>. \u201cBut S2FX model predicts $288K average this cycle (we need some real fireworks in 2022 for that). Let\u2019s see where this 2nd leg of the bull market will take us,\u201d the analyst added.<\/p>\n

What do you think about Plan B\u2019s stock-to-flow (S2F) bitcoin price predictions? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nMarket Updates, $100K, $288k, All-time price high, ATH, Bitcoin, Bitcoin (BTC), Bitcoin Price, BTC, BTC Price, Bull, Bullish, Charts, forecast, Plan B, prediction, pseudo-anonymous analyst, S2F predictions, S2F vs Time Model, Six-Digits, stock-to-flow, Stock-to-Flow vs Time Model, Twitter<\/p>\n","protected":false},"excerpt":{"rendered":"

On November 8, 2021, the price of bitcoin reached an all-time high of $68,564 per unit at 10:57 p.m. (ET) on Monday evening. Meanwhile, Plan B, the creator of the bitcoin price model called stock-to-flow (S2F), has correctly predicted the last three months of bitcoin prices and recently said that based on the floor model…<\/p>\n","protected":false},"author":0,"featured_media":14113,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14112"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14112"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14113"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}