Bitcoin (BTC) could trade at a staggering $ 450,000 by the end of 2021, while $ 135,000 would be the worst-case scenario.
That’s what analyst PlanB says, who released its latest sentiment-wrecking bullish BTC price prediction on June 20.
Bitcoin hits all-time high in October
Known as the creator of the stock-to-flow Bitcoin price prediction models, PlanB has repeatedly bucked general market sentiment over the past few weeks and months.
Even though BTC / USD experiences several re-tests of the lows of the past few months, the analyst – and his models – remain firmly fixated on a far better medium-term goal for the largest cryptocurrency.
Well, even in the worst-case scenario, Bitcoin would still be trading at $ 47,000 in August. A slight reversal in September puts the minimum target for this month at $ 43,000, followed by $ 63,000 in October – near current all-time highs.
Then it gets hot, with $ 98,000 in November and a whopping $ 135,000 at the end of the year.
As a result, Bitcoin is four months away from hitting its all-time high again – a prediction that nonetheless beats some bearish models currently floating around by traders.
This includes Josh Rager, who this week claimed that $ 64,500 may have been the top of this price cycle – something PlanB has explicitly waived several times.
“Wait until you’ve seen my base case and the best case scenarios! OK, a hint: best case in December, $ 450,000, ”he added in comments on what Bitcoin could be capable of in 2021.
Kiyosaki is waiting for a $ 24,000 buy-in
As Cointelegraph reported, there are problematic movements of Bitcoin over the weekend.
Sunday’s low for Bitstamp was $ 33,337 at the time of writing, with BTC / USD losing 5% that day, reversing most of the previous week’s gains.
Calls for one more step down are piling up from various sources, with Robert Kiyosaki, author of “Rich Dad Poor Dad,” being the latest high profile voice to fall short.
“The largest bubble in world history is getting bigger,” he warned on Saturday of the general macro-market climate.
“The biggest crash in world history is imminent. Buy more gold and silver. Waiting for Bitcoin to drop to $ 24,000. The best time to get rich is crashing. Take care.”
Such an event would mirror March 2020, with commentators continuing to note the constant all-time highs in the stock markets, despite the noise of central banks.