According to the famous analyst PlanB, Bitcoin will reach $ 98 thousand this month. Bitcoin closed October 3% behind PlanB’s $63,000 estimate. Now, the analyst said that BTC will approach $100,000 by the end of November. Detail cryptocoin.com‘in.
100k prediction for bitcoin
The analyst behind the popular stock-to-flow model PlanB predicts that the price of Bitcoin could gain 60% in the next 30 days to close at $100,000. September was clear about the BTC closing price and was significantly close in October. So can Bitcoin be close to $100,000 by the end of November? PlanB is best known as the person behind the stock-to-flow model and is among the most popular analysts in the cryptocurrency community. He sees the stock as the size and flow of existing reserves (or stocks) and the annual supply of new Bitcoins to the market.
As a result, PlanB’s model predicts BTC to enter a six-digit price zone by the end of the year, with the most optimistic forecast at $288,000 in the next 60 days. It also sees BTC above $100,000 by the end of 2021, but the December target is $135,000 and the November target is $98,000. If the primary cryptocurrency does indeed reach such a price tag by the end of November, it will have to increase its USD value by around 60% from today’s prices. While this may seem like a long task at first, BTC has certainly proven in the past that it can make such moves. In October alone, Bitcoin surged over 40%.
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