Bitcoin is preparing to enter the new year with a 20% discount after setting its May 2021 ATH at $ 69.00 in November. According to PlanB’s Stock to Flow model, BTC price ended November with $98,000. should have closed. However, despite the analyst’s mistake in the 11th month of the S2F model, the end of December 135,000 targets are current. holding. Besides, one of Elon Musk’s famous memes is thought to be a prophecy. Let’s take a quick look at the popular claims in the tweet.
What happened in Bitcoin price?
cryptocoin.com As we have reported, one of the closest corrections of the crypto money market came with the detection of the new COVID-19 variant on November 26. The market reacted to this news with “panic selling” as it did in March 2020, and most large-volume altcoin projects faced double-digit losses, 10% from Bitcoin. The market correction of December 4 was the record for the year. BTC ended the decline at the low of $42,874.62 and is struggling to find support in the $46,000 region.
Apart from these, Bitcoin’s determination of $42,000 as the bottom has confirmed some assumptions. The allegations are briefly as follows, during the following tweet shared by Elon Musk on October 21, BTC was trading at $ 60,000 and ETH $ 4,200. Then the prophecy came true and BTC hit $60,000 on November 10. However, ETH was already trading at $4,200 at this time. That’s why the community thinks Musk has set Bitcoin’s 69,000 ATH and $42,000 bottom price in the tweet below…
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