Bitcoin Could Hit $98,000 In November Stock To Flow Model Predicts


The Bitcoin stock-to-flow (S2F) model created by pseudonymous analyst PlanB, which analyzes the supply dynamics of Bitcoin and its scarcity enforced by the protocol’s halving of miner rewards every four years, is predicting a monthly close of around $98,000 for November.

According to PlanB, his model’s predictions have actualized  for the most part. The analyst shared that both August and September resonated closely with the actual monthly closing price of $47,000 and $43,000, respectively.

In October, PlanB’s S2F model predicted a monthly closing price of $63,000, but the actual number came a bit short, $61,000, a 3% rounding error. “Close enough for me,” PlanB said.

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