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Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts December sub-$57K

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cointelegraph.com

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

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