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Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts December sub-$57K
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Bitcoin (BTC) has failed to hit the November closing price demanded by one of its best-known models — but its creator is not giving up.
In a Twitter post on Dec. 1, PlanB said that he would give his floor model one more month to prove itself.
BTC/USD should have rounded out November in a “worst-case scenario” of $98,000, but a combination of factors conspired to produce a much lower monthly close.
At close to $57,000, the pair firmly missed its target, this translating to the first such failure of PlanB’s floor model in Bitcoin’s history.
“Floor model first miss (after nailing Aug,Sep,Oct),” he wrote.
$98K❌Floor model first miss (after nailing Aug,Sep,Oct). No model is perfect, but this is a big miss and the first in 10y! Outlier/black swan? I
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