Today news
About the same in other media
Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts December sub-$57K
Reading now: 996
Bitcoin (BTC) has failed to hit the November closing price demanded by one of its best-known models — but its creator is not giving up.
In a Twitter post on Dec. 1, PlanB said that he would give his floor model one more month to prove itself.
BTC/USD should have rounded out November in a “worst-case scenario” of $98,000, but a combination of factors conspired to produce a much lower monthly close.
At close to $57,000, the pair firmly missed its target, this translating to the first such failure of PlanB’s floor model in Bitcoin’s history.
“Floor model first miss (after nailing Aug,Sep,Oct),” he wrote.
$98K❌Floor model first miss (after nailing Aug,Sep,Oct). No model is perfect, but this is a big miss and the first in 10y! Outlier/black swan? I
Read more on cointelegraph.comAbout this in other media
How Bitcoin can benefit both, Republican and Democratic parties in the U.S. ambcrypto.com /3 years ago
This Bitcoin price metric just hit 'oversold' for only the 7th time in 8 years cointelegraph.com /3 years ago
Did Bitcoin fall prey to a ‘risk-off’ play from the traditional market ambcrypto.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
