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Saturday, November 27, 2021

BTC Price Forecast: Bitcoin to $ 98,000 in November? Trial by fire for stock-to-flow model

Is a dizzying Bitcoin rally looming this month? At least that’s what PlanB, whose S2F model sends the cryptocurrency on a moon trip, is convinced of. The market update.

After initial selling pressure, the start of the month on the crypto market is mild. Bitcoin (BTC) is up 1.5 percent on the day and is now trading at USD 62,264. Ethereum (ETH), BinanceCoin (BNB) and Cardano (ADA) are still undecided with minimal losses of up to 0.4 percent at the time of going to press. With a price discount of 1.1 percent, XRP is giving way more significantly. In contrast, Solana (SOL) is again heading towards a record high with an increase of almost eleven percent. The lower ranks also got off to a good start to the week. Polkadot (DOT) posted a plus of four, Dogecoin (DOGE) a plus of 1.5 percentage points. The hype surrounding Shiba Inu (SHIB) is unbroken. The meme coin is in the green with just under nine percent; on a weekly basis, the cryptocurrency has risen by around 100 percent in value.

Bitcoin breakout? S2F model put to the test

Horrific price increases, as they are currently showing at Shiba Inu, are unusual to that extent, but not impossible. Almost out of nowhere, the Meme-Coin created a market capitalization of around 40 billion US dollars in one month. Sometimes you don’t need a sophisticated white paper, a use case, numerous Github entries and testnets. Once the spark ignites, a rally on social channels like Reddit will take off all by itself.

Bitcoin also stood at nothing, even if a few bull cycles have passed since then. If the famous trader PlanB and his stock-to-flow model (S2F) have their way, the next of them should knock on the door.

98,000 US dollars in November: That is the cautious assessment by PlanB, who developed the S2F model, probably the most cited price calculation method for Bitcoin. The model developed for raw materials such as gold was adapted for the largest crypto currency in such a way that it determines the BTC value increase based on the cyclical halving of the block reward. In short: the scarcer a good, in this case Bitcoin, the higher the stock-to-flow ratio.

The model gives fairly precise specifications, although it leaves a fairly high range of fluctuation open. Due to the latest upward trend, Bitcoin is back on schedule according to the model. This has probably prompted PlanB to nail down its forecast for November at USD 98,000 . Hodler will have to wait a little longer for the US $ 100,000, but not too long either. For December, PlanB is forecasting an increase to 135,000 US dollars.

A daring prognosis: In order to reach such a value, the market capitalization would have to increase to 2.5 trillion US dollars, that is, it would have to grow by another 1.3 trillion US dollars and thus more than double. Even the most recent upward trend, in which Bitcoin shot from its summer low of 30,000 US dollars to the recently set record high, “only” about 700 billion US dollars flowed into the currency. Period: three months.

So it should be tight. The model has been put to the test many times, but in retrospect it has proven to be astonishingly precise. At some point, however, maybe not yet, but in a few years at the latest, the model threatens to get completely out of hand. The Bitcoin rate would have to rise to a value of one million US dollars in 2025. So there is also a lot of supposedly well-founded dreaming in the process. In any case, with the November forecast of USD 98,000, the S2F model will have to prove itself.

Bitcoin Predictions by Industry Experts

BITCOIN SHOULD REACH $500,000 BY 2030.JEREMY LIEW – A PARTNER AT LIGHTSPEED VENTURE PARTNERS

BITCOIN’S MARKET CAP IS EXPECTED TO SURPASS GOLD’S THEN MARKET CAP WHICH WAS $7.5 TRILLION.MIKE NOVOGRATZ – A FORMER HEDGE FUND MANAGER & CRYPTO ENTHUSIAST

BITCOIN SHALL REACH $1,000,000 IN FIVE TO TEN YEARS TIMES WHICH MEANS NO SOONER THAN 2022 BUT AS DELAYED AS 2027.WENCES CASARES – CEO & FOUNDER OF XAPO

BITCOIN WILL REACH $1,00,000 IN THE NEXT 3 – 4 YEARS AND FOR THE LONG RUN WILL REACH THE MARK OF $1 MILLION IN OR BY 2037.CHAMATH PALIHAPITIYA – CO-OWNER OF GOLDEN STATE WARRIORS & FOUNDER OF SOCIAL CAPITAL

BITCOIN WILL CONTINUE TO BE APPRECIATED BY INVESTORS.BLOOMBERG’S CRYPTO GALAXY INDEX (BGCI) REPORT

BITCOIN SHALL SOAR TO $3,00,000 PER BITCOIN IN THE NEXT FIVE YEARS.ADAM BACK – A CRYPTOGRAPHER & CRYPTO PIONEER

THE ADOPTION OF BITCOIN BY INSTITUTIONAL INVESTORS HAS ONLY BEGUN, WHILE FOR GOLD ITS ADOPTION BY INSTITUTIONAL INVESTORS IS VERY ADVANCED. IF THIS MEDIUM TO LONGER-TERM THESIS PROVES RIGHT, THE PRICE OF GOLD WOULD SUFFER FROM A STRUCTURAL FLOW HEADWIND OVER THE COMING YEARS.JPMORGAN

Bitcoin Price Prediction 2021

According to TradingBeasts’ BTC price prediction, is likely to cross $70,797 by the end of 2021. Bitcoin will trade in the range of $48,000-$56,000 with the minimum & maximum BTC price respectively in the year 2021. As per the above chart, the technical indicators of the king of cryptocurrency also reflect the possibility of continual bullish rally. Moreover, The Bitcoin price surged more than 4% over the last 24 hours to hit a new all-time high of $62,839 ahead of Coinbase debut, as Coinbase is set to go public by April 14 and could be valued at as much as $100 billion.

Bitcoin Forecast for 2022 – 2023

Bitcoin price forecast for the year 2022 is predicted at $87,500 by TradingBeasts, given all other factors being stable and no emergency scenario will change. Bitcoin price is likely to trade around $60,000 and $70,000 for a minimum price and maximum price respectively in the year 2022.

As per our Bitcoin price prediction for 2023, BTC price will cross the bar of $96,000; and hold the market with a steady position. The lowest Bitcoin price will be around $65,000 and highest price will be above $82,000 in the year 2023.

Bitcoin Price Prediction for 2024

Bitcoin might start the year 2024 with an average price of $104,000; Bitcoin can trade around the price of $100,000 by the end of 2024. Bitcoin could trade with a min. price of $70,000 and a max. of $100,000 in 2024.

Bitcoin Prediction for 2025

Bitcoin price prediction 2025 seems to be the year of the bull with Bitcoin at an all-time high of $100,000, to as much as $400,000. It could be the year of Bitcoin.

It is very much likely that Bitcoin will double in price, but it is also possible it may not. This is merely for the reason that it is not supported by any specific regulatory authority or regime. Some could have made thousands of dollars in Bitcoin after an early $100 investment, but when the recent charts started to look a lot like a stock market bubble, many probably took their money and ran.

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