April 24, 2024

PlanB: Bitcoin may drop 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 for the behavior of Bitcoin prices.the coming months.

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

On the other hand, the logarithmic modelregression or time model shows that the first cryptocurrency could fall to $ 30,000 dollars. According to PlanB, the next couple of months will be decisive for the MTC. They will also determine the fidelity of the models. According to the analyst, if Bitcoin does not reach $ 100,000 in December, the Stock-to-Flow model may be invalidated.

So what will Bitcoin's closing price be inDecember? - Model S2F talks about 100 thousand dollars. – The time model (log regression) says $30K. The next couple of months will be interesting. Of course, I'm betting on S2F.

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