The Dutch crypto analyst PlanB has been very popular with investors for quite some time. To be Stock-to-Flow (S2F) seemed in detail the course of bitcoin (BTC) to be able to predict. For that reason, PlanB received a lot of attention from the crypto community with its predictions about the bitcoin price on Twitter. Recently, however, he admitted that one of his predictions was wrong.
$98.000 in november
At the beginning of this month, PlanB indicated that it was convinced that the price of the largest cryptocurrency in November was still at least the price of $98,000 would reach. On November 17, he even let it be known that he still stands behind this prediction.
We now know that this will most likely not happen again. In recent days, a serious correction has taken place and a bitcoin price of $ 98,000 seems to be just a fantasy. The bitcoin price should rise by more than 70% in just a few days. Although this cannot of course be ruled out, the chance seems very small.
In any case, PlanB admitted on Twitter that its prediction for November was incorrect. According to him, this is the first time that a prediction of his was wrong. Previously, he was always right with his predictions on Twitter.
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
S2F model
It is important to realize that the predictions that PlanB makes on Twitter are separate from its S2F model. He clearly states in his message on Twitter that his model has not been invalidated by a single incorrect prediction, which many investors on the social media platform do claim. Many of these investors even blame PlanB for any heavy losses incurred.
According to the Dutch analyst, the bitcoin price is still on track to reach the magical $100,000 milestone sooner or later and an erroneous prediction, independent of the model, does not affect the reliability of his S2F model. If we are to believe PlanB, then the S2F will simply remain intact.
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