The way for Bitcoin price might be up or down, although, analyst PlanB sees a very high uptrend for the currency.
By the end of this 2021, the transaction price of Bitcoin (BTC) may be worth a woooping sum of USD 450,000, and USD 135,000 will be the “worst case scenario”.
This is according to the analyst PlanB, who released the latest sentimental bullish BTC price on June 20.
As we all know, PlanB, as the creator of the stock-to-flow Bitcoin price prediction model, has repeatedly challenged the overall sentiment of the market in recent weeks and months.
At the lows of BTC/USD in the past months, the analyst and his model are still determined to set a brighter medium-term goal for the largest cryptocurrency.
The “worst-case scenario” for Bitcoin would still see it trade at $47,000 in August. A slight reversal in September set the minimum target for the month at $43,000, followed by $63,000 in October, which is close to the current ATH.
Then things started to heat up, with $98,000 on the card in November, and finally the colossus at $135,000 marking the close of the year.
Therefore, Bitcoin is still four months away from reaching a new all-time high again. Despite this, the prediction still beats some bearish models currently circulating among traders.
These include Josh Rager, who claimed this week that $64,500 is likely to be the peak of this price cycle, and PlanB has explicitly rejected this many times.
“Wait until you have seen my base case and best-case scenarios! OK, a hint: best case Dec $450K,” he added when commenting on what Bitcoin might be able to do in 2021.
Kiyosaki expects an entrance fee of $24,000. As reported by Cointelegraph the weekend is seeing problematic moves by Bitcoin.
At the time of writing, on Sunday, 20 June 2021 Bitcoin had a low of $33,337 on Bitstamp, and BTC/USD fell 5% that day and reversed most of the previous week’s gains.
Voices from various sources are getting louder and louder. Robert Kiyosaki, the author of “Rich Dad, Poor Dad”, is the latest high-profile voice.
“Biggest bubble in world history getting bigger,”he warned concerning the overall macro market climate on Saturday.
“Biggest crash in the 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 will echo that of March 2020, and commentators will continue to notice that the stock market continually hits an ATH regardless of the central bank’s voice.