Bitcoin (BTC) has failed to reach the projected monthly close for November predicted by one of its most popular models. The BTC/USD pair should have ended November at $98,000, according to PlanB’s “worst case scenario”. But a combination of factors led to a much lower monthly close.

At almost 57,000 US dollars, bitcoin (BTC) clearly missed its target. This is the first time in Bitcoin’s history that PlanB’s floor model has failed badly. Previously, the floor model had correctly predicted the monthly closes for the past three months, August, September and October, raising investors’ hopes that the price could reach six figures in December.

A growing number of traders and analysts agree that the bull market could take much longer than expected to peak in 2021. PlanB, meanwhile, reiterates that its other BTC forecast models are intact.