EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

PlanB projects Bitcoin at $ 98K for November

Admin by Admin
November 21, 2021
in Crypto News
0
PlanB projects Bitcoin at $ 98K for November
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

PlanB projects Bitcoin at $ 98K for November and reveals that it is based on 2 models, plus the S2F

PlanB explains that the S2F does not fail and that its analyzes are based on three different models after receiving strong criticism for inaccuracies.

Bitcoin
The long-term projections of BTC that are made by big analysts like John Wick and PlanB are followed by a large number of users on their social networks. For this reason, they tend to defend their analyzes with arguments, especially when they receive constant criticism and accusations, as happened recently with one of the last Bitcoin predictions made by PlanB.
Due to the events that occurred, the cryptocurrency analyst, PlanB, was forced to clarify and define to its community of followers the models or strategies it uses to measure the trend that Bitcoin is following. However, his answers have not been convincing to many; above all, because the market was in the red a few days ago.
Even so, he remains optimistic and defends his projection since it is based on three models; where one of them is the stock-to-flow, a floor model (the analyst’s own), and a chain model.

PlanB Projection Defends Odds of Bitcoin Hitting $ 98,000 by the end of November

The beginning of this debate was on Twitter when they made strong criticism of the analyst after a publication that was made on June 20, 2021. There, it established that Bitcoin would reach the following prices: Aug 47K, Sep 43K, Oct 63K, Nov 98K, Dec 135K; According to critics, this method or models used by PlanB were not very precise.

In its new publication, made on November 17, it clarifies that, despite using stock-to-flow as the basis of its projection, it also uses two more models to obtain results. And, despite the fact that the exact figure was not reached in October due to a small rounding error, it indicates that it remains firm in its November analysis.

To clarify: 98K Nov prediction is NOT based on the S2F model but on my floor model.
As I said before (in tweets and latest podcasts), I use 3 models:
1) S2F
2) Floor model
3) On-chain model
If for example, 98K Nov floor model prediction fails, that does NOT mean S2F or on-chain fails. https://t.co/tj6SSwSzKR

– PlanB (@ 100trillionUSD) November 17, 2021

They accuse the analyst of making downward adjustments to their projections when they are not met.

In addition, critics of PlanB comment that PlanB makes downward adjustments to its Bitcoin analyzes when these are not met. This without forgetting that they also suggest that reaching $ 98K is quite unrealistic. Especially when the price of BTC fell more than 20% a few days ago, returning to October prices.

This would mean that it would have to rise at least 70% to reach the margin established by the analyst. Given the allegations, he also explains:

If, for example, the predictions of the November minimum model of $ 98,000 fail, that does not mean that the stock-to-flow fails. S2F fails if the average price of BTC during this halving cycle is not $ 100K. So it is difficult to establish an “exact level” …

Plan B

 

 

 

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: BitcoinCryptocurrencyPlan B
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

AVAX stands out against altcoins

Next Post

Ethereum: value locked on “layer 2” reaches new record

Admin

Admin

Next Post
Ethereum: value locked on "layer 2" reaches new record

Ethereum: value locked on "layer 2" reaches new record

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
Signature Bank Faces Charges Overlooking FTX Fraud

Signature Bank Faces Charges Overlooking FTX Fraud

February 7, 2023
Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

February 7, 2023
31% Of Investors Do Not File Crypto Taxes To IRS

Crypto Banking Firm Juno Resumed Crypto Services After Halt

February 7, 2023
Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

February 7, 2023

Recent News

Signature Bank Faces Charges Overlooking FTX Fraud

Signature Bank Faces Charges Overlooking FTX Fraud

February 7, 2023
Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

February 7, 2023
31% Of Investors Do Not File Crypto Taxes To IRS

Crypto Banking Firm Juno Resumed Crypto Services After Halt

February 7, 2023
Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

February 7, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

Signature Bank Faces Charges Overlooking FTX Fraud

Signature Bank Faces Charges Overlooking FTX Fraud

February 7, 2023
Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

Makerdao Co-Founder’s Climate Change Initiative Meets Mixed Reactions

February 7, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>