Cryptocurrency analysts almost agree that Bitcoin’s “stock flow model” predictions can no longer be used for serious price prediction. PlanB is the creator of this model. 2022 Bitcoin (BTC) forecast He’s already shared about it.
Analysts expect the Bitcoin price trend to be “downward” for a while, and the number of analysts waiting for the $38,000 levels for January continues to increase.
created by PlanB Bitcoin stock flow modelpredicted that BTC would have a price tag of $100,000 by the end of 2021, but as you know, this target was lost by a large margin.
PlanB Trusts the Model!
The creator of the stock-to-flow model (S2F) continues to believe that Bitcoin will be bullish. of Plan B Bitcoin (BTC) The prediction that the price will reach $98,000 in November and $135,000 in December has been invalidated.
Plan B believes S2F is sound despite the failure of its price prediction model. The analyst stated the following on the subject:
“BTC will recover between $50,000 and $200,000 by 2024. We are now at 50,000 and the highest level is $69,000. We will probably reach $200,000 by 2024 from now on.”
Let me be clear:
1) Nov98K & Dec135K miss = FLOOR MODEL FAIL
2) Dec100K miss: I have said earlier that if BTC<$100K Dec2021, then S2F is “off the rails” “invalidated” “dead”. Tbh that was an ill attempt to clarify “$100K average this cycle” & regression analysis. S2F MODEL INTACT pic.twitter.com/LRdfLinTm4— PlanB (@100trillionUSD) December 24, 2021
The creator changed his forecast and asked users to wait the next two and a half years before overriding S2F. PlanB defended its model with these words:
“If BTC stays in the 1st standard deviation band for the next 2.5 years, the S2F model is still valid and really useful for me. Of course, you should do your own search.”
Plan B’s S2F has been severely criticized by @davthewave, a crypto analyst and educator.
It’s a wrap.
s2f as a model for *serious price prediction* has been invalidated
That doesn’t mean to say it hasn’t been a very successful *meme*, and some may choose to continue with it as a meme
The original thread was about drawing that distinction https://t.co/2TVAFRur0h
— dave the wave🌊🐫 (@davthewave) January 1, 2022
As the Bitcoin price continues its downward trend, @CryptoWarrior01, a crypto analyst, has set a price target of $38,000 to $40,000 by mid-January 2022, noting that the decline will continue.
$BTC heading into the New Year currently not shaping up for bulls.
– OBV trending bear
-MACD bullish diverging from previous downtrend, but expecting more downside
-7MA also has price action as resistance.$38k-40k by mid Jan – then moon
join me @ https://t.co/vyCxNDfacc pic.twitter.com/g3SioFFBLw
— RNB (Crypto Warrior) (@CryptoWarrior01) December 31, 2021
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.