PlanB Believes BTC Is On Track To $100K Despite Missing November Price

November saw Bitcoin slip below $60K level after reaching an all-time high (ATH) at $69K per unit. Analyst and the creator of the bitcoin stock-to-flow (S2F) model, PlanB, called the last three months of bitcoin prices correctly, but missed November. Regardless, he still believes that bitcoin’s price is on track to $100K.

One of the most famous bitcoin analyst PlanB who is followed by 1.5 million on Twitter, is known as the creator of the popular bitcoin price model called stock-to-flow (S2F). The model quantifies the commodity’s (bitcoin) scarcity and then divides it by yearly issuance (the flow). So far the model has done well to follow bitcoin’s (BTC) price, and the analyst’s predictions have been accurate for the past months. However this month was an exception.

Four months PlanB tweeted about his “worst-case scenario for 2021” forecast in June. The analyst predicted that he believed BTC prices would be “Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K” in the worst-case scenario.

Bitcoin is below $34K, triggered by Elon Musk's energy FUD and China's mining crack down.

There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K pic.twitter.com/hDONOVgxH1
— PlanB (@100trillionUSD) June 20, 2021

Until now, three out of four of his monthly price predictions have come to fruition and PlanB was also correct when he said: “$64K was not the top.” The miss this month was the first time PlanB’s prediction has been off so far as the call for November had a $98K target.

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

PlanB noted in a tweet that his prediction missed this month as bitcoin (BTC) prices slid under the $60K zone following the recent $69K ATH.

Two days later, the pseudonymous bitcoin analyst tweeted about the crypto asset’s relative strength index (RSI).

#bitcoin RSI 66 and 10% below monthly close ATH pic.twitter.com/ISnQIkb71H
— PlanB (@100trillionUSD) November 27, 2021

The following day, PlanB tweeted that “bitcoin has better risk-adjusted returns than all other assets.”

#bitcoin has better risk-adjusted returns than all other assets pic.twitter.com/QBne0UMayO
— PlanB (@100trillionUSD) November 28, 2021

He also created a poll, which so far has received over 188K votes. The poll asks if $69K was the top for this halving cycle or if the price of bitcoin (BTC) will exceed the $69K ATH reached on November 10.

At the time of writing, 78.8% think BTC’s price will exceed $69K while 21.2% voted that “$69K was the top.”