PlanB’s $100,000 price prediction is becoming more and more likely as Bitcoin rushes to new ATHs.
The analyst said that it can be seen at $ 88,000 in November, $ 98,000 in December, and then $ 100,000 and above.
BTC, which is currently trading at $ 67,850, has reached all-time highs, which raises the question of whether new ATHs will come.
BTC/USD: TradingView
Unprecedented prices are being discovered right now, with the bulls now in full control of the markets.
On the other hand, as of yesterday, there was another first and the market value of the leading cryptocurrency has exceeded $ 1.3 trillion.
Models Developed by PlanB and Accurate Predictions
The Stock-to-Flow (S2F) model, developed by the famous analyst, had justified many of the analyst’s predictions so far.
Predicting that Bitcoin will close August around $47,000 and end September around $43,000, PlanB correctly predicted the closing price of October with only a 3% deviation.
Saying that BTC will see over $ 98,000 in November, the famous name suggests that $ 135,000 will be seen by the end of the year.
PlanB also pioneered the Equity-Stream Cross-Asset (S2FX) model in April 2020, which aims to predict how this could impact changes in S2F dynamics based on how BTC markets, gold and silver have historically performed. According to this model, it seems possible to see $ 288,000 for Bitcoin next year.
*Not Investment Advice.