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'Failing' S2F Model Refuels Debate on Bitcoin Price Model’s Usefulness
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cryptonews.comWith only one day left before the end of the month, a USD 98,000 price prediction for November by the pseudonymous bitcoin (BTC) analyst PlanB is officially out of the question. And with that, a new debate on the validity of PlanB’s well-known bitcoin stock-to-flow (S2F) model is again raging among analysts.
The USD 98,000 closing price for November, which PlanB has famously said is his “worst-case scenario” for bitcoin, has kept hopes high among some BTC holders that the number one cryptocurrency would end the year with a price well over USD 100,000.
The hopes have been kept alive by accurate predictions from the same model for bitcoin in August, September, and October. With the November miss, however, the model’s predictive power now seems
Read more on cryptonews.comAbout this in other media
Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K cointelegraph.com /3 years ago
Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting cointelegraph.com /3 years ago
‘Monster bull move’ means whales could secure the next Bitcoin price surge cointelegraph.com /3 years ago
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