PlanB: Bitcoin could fall to $30,000 by December

PlanB: Bitcoin could fall to $30,000 by December

One of the most famous Bitcoin analysts voiced two possible models of Bitcoin price behavior in the coming months.

The author of the SF2 model reported that BTC could reach $100,000 in December.

On the other hand, the logarithmic regression model or time model shows that the first cryptocurrency could fall to $30,000. According to PlanB, the next couple of months will be decisive for military-technical cooperation. They will also determine the accuracy of the models. According to the analyst, if Bitcoin does not reach $100,000 in December, the Stock-to-Flow model can be considered invalid.

So what will the closing price of Bitcoin be in December? - The S2F model says $100K. - The time model (logarithmic regression) says about 30 thousand dollars. The next couple of months will be interesting. Of course, I'm betting on S2F.

Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies

You May Also Like

1852022-01-04

5 forecasts for 2022 from ForkNews

2021 has been a big year for the entire crypto market. Will next year be able to repeat the successes of its predecessor?

Opinion
2112018-09-14

CCO BitPay: Bitcoin will rebound, not sure about ICOs and altcoins

The commercial director (CCO) of the cryptocurrency payment service BitPay believes that rumors about the death of Bitcoin are greatly exaggerated.

Personality, Opinion

Latest articles from Opinion category