TL; DR failure:
- The S2F PlanB model ensures that Bitcoin exceeds $ 100,000 at Christmas.
- Based on the model, the analyst accurately predicted the price of Bitcoin in the last two months.
According to forecasts in PlanB (S2F) that have been accurate so far, we may see $ 100,000 in bitcoin by the end of this year. For two consecutive months, the bitcoin price forecast has been realized by the Dutch analyst Alias, and raises the hope of investors that we may see bitcoin cross $ 100,000 at Christmas.
PlanB’s expects to have $ 135,000 in bitcoin by December
In June, the chain analyst Predicted Leading digital currency will close around $ 47,000 in August, $ 43,000 in September, $ 63,000 in October, $ 98,000 in November and $ 135,000 in December. So far, these forecasts have been accurate, regardless of recent market price corrections.
On the last day of August, according to CoinMarketCap, bitcoin reached $ 47,768 and $ 43,752 in September. It is worth noting that PlanB forecasts are the closest forecasts for the future of Bitcoin. Hence, many bitcoin buyers are now more hopeful that bitcoin will cross the $ 100,000 mark by the end of the year.
Some industry participants have also said that the approval of the first Bitcoin-tradable fund (ETF) in the United States could be one of the factors driving the price to a high level.
Bitcoin is rising again
October is now favorable for Bitcoin. In just one hour, Bitcoin was able to print a $ 4,000 candle, bringing its price to approximately $ 48,000. At the time of writing, BTC was trading at $ 890 billion at $ 47.237 on CoinMarketCap. The sudden jump in BTC led to the liquidation of more than $ 47 million of short positions in the derivatives market in one hour.
Despite turmoil in the past three months, Bitcoin ended the third quarter with a more than 25 percent increase.