Bitcoin price can hit $450K in 2021, $135K is ‘worst-case scenario’ — PlanB


Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.”

That’s according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.

Bitcoin to match all-time high in October

Well known as the creator of the stock-to-flow Bitcoin price forecasting models, PlanB has repeatedly bucked the overall market mood in recent weeks and months.

How To Get Free Crypto  

Even as BTC/USD sees multiple retests of lows from months past, the analyst — and his models — remain firmly fixed on a far brighter mid-term goal for the largest cryptocurrency.

Now, even the “worst-case scenario” for Bitcoin would still see it trade at $47,000 in August. A slight reversal in September places the minimum target at $43,000 for that month, only to be followed by $63,000 in October — near current all-time highs.

Things then heat up, with $98,000 on the cards in November and a giant $135,000 by the end of the year.

BTC/USD stock-to-flow model “worst case scenario” forecast as of June 20. Source: PlanB/ Twitter

As such, Bitcoin is still four months from re-matching its all-time high — a prediction that nonetheless beats some bearish models currently circulating from traders. 

Coinbase Banner  

These include Josh Rager, who this week claimed that $64,500 may well have been this price cycle’s top — something PlanB has specifically renounced on multiple occasions.

“Wait until you seen my base case and best case scenarios! OK, a hint: best case Dec $450K,” he added in comments about what Bitcoin could be capable of in 2021.

Kiyosaki waits for $24,000 buy-in

As Cointelegraph reported, meanwhile, the weekend is seeing problematic moves by Bitcoin.

Sunday’s low stood at $33,337 on Bitstamp at the time of writing, with BTC/USD shedding 5% on the day and reversing most of the previous week’s gains.

Calls for a further leg down are growing from various sources, with Robert Kiyosaki, author of “Rich Dad Poor Dad,” being the latest high-profile voice going short.

FreeBitcoin Banner  

“Biggest bubble in world history getting bigger,” he warned about the overall macro market climate on Saturday.

“Biggest crash in world history coming. Buying more gold and silver. Waiting for Bitcoin to drop to $24 k. Crashes best time to get rich. Take care.”

Such an event would echo March 2020, with commentators continuing to note the constant all-time highs on equities markets regardless of noises from central banks.

Go to Source
Author: William Suberg

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.