Bitcoin is preparing to enter the new year with a 20% discount after setting its May 2021 ATH at $69.00 in November. According to PlanB’s Stock to Flow model, the BTC price should have closed November at $98,000. However, despite the fact that the analyst S2F model was wrong in the 11th month, he keeps the end of December 135,000 dollars targets up to date. Besides, one of Elon Musk’s famous memes is thought to be a prophecy. Let’s take a quick look at the popular claims in the tweet.
What happened in Bitcoin price?
Cryptocoin. com, one of the closest corrections of the crypto money market came with the detection of the new COVID-19 variant on November 26. The market reacted to this news with “panic selling” as it did in March 2020, and most large-volume altcoin projects suffered double-digit losses, 10% from Bitcoin. The market correction of December 4 is the record of the year. BTC drop is 42,874. It ended at the bottom at $62 and is trying to find support in the $46,000 region.
Apart from these, Bitcoin’s determination of $ 42,000 as the bottom level has confirmed some assumptions. The allegations are briefly as follows, during the following tweet shared by Elon Musk on October 21, BTC was trading at $ 60,000 and ETH $ 4,200. Then the prophecy came true and BTC reached $60,000 on November 10. However, ETH was already trading at $4,200 at this time. That’s why the community thinks Musk has set Bitcoin’s 69,000 ATH and $42,000 bottom price in the tweet below…