элдик терминалдарда chart analyst and investor ‘PlanB’ continues to buy the dip highlighting how many times the asset has been proclaimed ‘dead.’
On Oct. 3, the analyst told his 1.8 million Twitter followers that he was still buying BTC with his most recent purchase being around the $20,000 level.
His first purchase was in 2015 when BTC had fallen to around $400, and then again during the 2018 bear market when it fell to around $4,000. The asset is currently trading at equally weak levels, 72% down from its all-time high.
BTC has been declared ‘dead’ on those three occasions and as many as 463 times since its inception according to the 99Bitcoins некрологдор барагы.
Is the S2F model still valid?
‘PlanB’ has had his share of criticism (and still does) when the price prediction model appeared to be invalidated this year. BTC prices did not surge to the $100,000 average cycle high as predicted in late 2021, or the $135,000 end-of-year close ал сыяктуу алдын ала учурда.
However, the model does appear to be intact when considering the upper and lower boundaries or the range of deviation from the predicted price for the current time in the cycle which also appears to be lengthening.
With September’s close of $19,425, BTC is trading approximately 75% below its predicted price for this cycle. It was also observed that Bitcoin has never closed a monthly candle below its previous all-time high in its history.
Source: https://beincrypto.com/bitcoin-stock-flow-creator-buying-dip-price-model-still-valid/