S2F Creator PlanB Believes In $98k Nov Target For Bitcoin

Bitcoin stock-to-flow (S2F) creator PlanB believes a $98k target for the cryptocurrency by November end is a realistic goal. S2F Popularizer PlanB Sticks To $98k Target For November Back in June, when Bitcoin was below $34k, analyst PlanB put out a list for his targets of the crypto in the subsequent months. The tweet had these targets for BTC: Aug >47K, Sep >43K, Oct >63K, Nov >98K, and Dec >135K. So far, all these price goals have been decently accurate. But the real challenge will be the current month of November as the target for it is quite bold. PlanB has used the stock-to-flow model for the predictions. S2F is based on the ratio between the current supply (stock) and the annual production (flow). The S2F value shows how scarce Bitcoin is at a particular time. Based on this scarcity, the model uses a formula to predict the future price of the coin. Here is the latest chart for this BTC price model: Bitcoin price vs the line predicted by the S2F model | Source: buybitcoinworldwide As the above chart shows, the model has been remarkably close to the real thing so far, although there were a few points of deviation. Related Reading | S2F Model Creator Hypes Up $10K Daily Bitcoin Candles Now, despite the apparent accuracy, some people in the community think the $98k BTC target for November set by PlanB is unrealistic, citing that the jump is quite large. The analyst has responded by saying that w...