Bitcoin Price Will Not Reach $ 98 K By The End Of November

Despite the correction of the digital asset market, the first cryptocurrency retains the potential to grow towards $ 100 in the coming months, says PlanB
The author of the Stock-to-Flow (S2F) model and analyst under the pseudonym PlanB admitted that the price of bitcoin deviated from the S2F model for the first time. 
In his opinion, the value of the first cryptocurrency will not reach $ 98 thousand by the end of November, as predicted by S2F. Despite this, PlanB considers the Stock-to-Flow model to be sound and expects the price of Bitcoin to rise to $ 100K in the coming months.








Floor model $98K Nov close will probably be a first miss (after nailing Aug, Sep, Oct). S2F model not affected and indeed on track towards $100K. pic.twitter.com/QO3bRUoGo3
— PlanB (@100trillionUSD) November 25, 2021





 






The Stock-to-Flow (S2F) model predicts the value of bitcoin by calculating the ratio of the total available supply of an asset to its annual growth.





In early November, PlanB claimed that the price of bitcoin could reach $ 500,000 in early 2022. The analyst explained that the first cryptocurrency is somewhere in the middle of the current bullish trend and the peak of growth may be much higher than expected.