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Bitcoin (BTC) could trade at $ 450,000 by the end of 2021, while $ 135,000 would be the “worst case.”
That’s according to analyst PlanB, who released their latest BTC bullish price prediction on June 20.
Bitcoin to hit all-time high in October
Well known as the creator of the stock-flow Bitcoin price prediction models, PlanB has repeatedly thwarted the general market mood in recent weeks and months.
Even though BTC / USD sees several new tests of the lows of recent months, the analyst and his models remain firmly set on a much brighter medium-term target for the largest cryptocurrency.
Now even the “worst case scenario” for Bitcoin would still see it trading at $ 47,000 in August. A slight reversal in September places the minimum target at $ 43,000 for that month, 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-flow model “worst-case scenario” forecast as of June 20. Source: PlanB / Twitter
As such, Bitcoin is still four months away from regaining its all-time high, a prediction that nonetheless beats some bearish patterns currently circulating among traders.
These include Josh Rager, who claimed this week that $ 64,500 may well be the peak of this price cycle, which PlanB has specifically waived on several occasions.
“Wait until you see my base case and the best scenarios! Okay, a hint: best case, $ 450,000 in December,” he added in comments on what Bitcoin might be capable of in 2021.
Kiyosaki expects $ 24,000 buy-in
As Cointelegraph reported, meanwhile, the weekend sees problematic Bitcoin movements.
Sunday’s low stood at $ 33,337 on Bitstamp at the time of writing, with BTC / USD losing 5% on the day and canceling out most of the previous week’s gains.
Calls for a new stage are growing from various sources, with Robert Kiyosaki, author of “Rich Dad Poor Dad”, being the last high profile voice to short.
“The biggest bubble in the history of the world is getting bigger,” he warned on Saturday of the global macro market climate.
“The biggest crash in the history of the world to come. Buy more gold and silver. Wait for Bitcoin to drop to $ 24,000. This is the best time to get rich. Be careful.”
Such an event would echo March 2020, with commentators continuing to note the constant all-time highs in the stock markets, regardless of noises from central banks.
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