Experts assessed the forecast of analyst PlanB, which expects a sharp rise in the quotes of the first cryptocurrency in the coming weeks
The well-known cryptanalyst PlanB predicted that the value of bitcoin will reach $ 98 thousand in November and $ 135 thousand in December. Prior to that, he correctly predicted the cryptocurrency quotes in August ($ 47 thousand), September ($ 43 thousand) and October ($ 61 thousand). The analyst is known for using the S2F model, which assumes an increase in the price of bitcoin to $ 1 million after 2024.
The S2F model is based on the stock of an asset (the size of reserves) and inflow (the volume of production, but at the same time, by and large, it is a straight line y = kx + b, with a slope k adjusted to the history of bitcoin movement, explained Anton Kravchenko, CEO of Xena Financial Systems According to him, as long as the cryptocurrency is growing at the same angle for a long time, the model works, but there is no way to verify, this is because the model is correct or because it has happened so far.
“I think that bitcoin will move to $ 90 thousand with minor corrections,” predicted Kravchenko.
So far, PlanB's predictions come true with stunning clarity, and November is a statistically very good month for Bitcoin, said Andrey Podolyan, CEO of Cryptorg. According to him, by the end of the month the price of the cryptocurrency may rise to $ 75 thousand.
“If I see $ 98K, I’ll be incredibly impressed! But it seems to me that this point will be very difficult to reach before the New Year. Too strong hype is already blowing up, "garbage" like Shiba is growing – this is always a harbinger of a dangerous state of the market. This is what can prevent the strong growth of BTC, ”the expert warned.