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Quantitative analyst PlanB believes Bitcoin will hit a six-figure price by the end of the year despite the recent meltdown in the cryptocurrency markets.
PlanB tells his 833,000 Twitter followers that BTC will close at or above $100,000 in December, according to his stock-to-flow (SF2) model.
However, based on logarithmic regression or the time model, the quantitative analyst says the flagship cryptocurrency could fall to $30,000.
“So what will Bitcoin’s December closing price be?
– S2F model says $100K
– Time model (logarithmic regression) says $30K
Next couple of months will be Interesting. My money is on S2F, of course.”
In other trending Bitcoin News today: Twitter Launches Crypto Tipping For All Users! Bitcoin tips are available to send through the Lightning Network using the Strike app, or by adding a BTC address directly to one’s profile.
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It’s the beginning of when nobody questions, or even cares how it works.
It’s just an inextricable part of their lives – and soon they won’t remember a time without it.”- Max Keiser
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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