Analyst PlanB: Bitcoin Could Reach $450,000 by the End of 2021, $135,000 Is “Worst Case Scenario”

Analyst PlanB insists that the only trend for the BTC price is (more or less) up, and that it could reach a high of $450,000 in 2021.

By the end of 2021, Bitcoin (BTC) could be trading at an eye-popping $450,000, and $135,000 would be the “worst-case scenario.

That’s the view of analyst PlanB, who released his latest optimistic forecast for BTC’s price on June 20.

Bitcoin to reach all-time high in October
PlanB is known as the creator of the stock-to-flow bitcoin price prediction model, and he has contradicted the overall market sentiment several times in recent weeks and months.

Even though BTC/USD has back-tested to its lows several times over the past few months, the analyst, and his model, still firmly believe that Bitcoin’s medium-term targets are much more promising.

Now, even in a “worst case scenario,” bitcoin would still trade at $47,000 in August, and a small backtest in September would put a minimum target of $43,000 for September and $63,000 for October, close to the current all-time highs.

The market then heats up and will reach $98,000 in November and a target of $135,000 by the end of the year.

Analyst PlanB: Bitcoin Could Reach 0,000 by the End of 2021, 5,000 Is "Worst Case Scenario"

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

So, Bitcoin is still four months away from reaching all-time highs again – a forecast that is nonetheless better than the bearish models currently being bandied about by some traders.

That includes Josh Rager, who claimed this week that $64,500 is likely to be the top of this price cycle – a view PlanB has explicitly disagreed with on multiple occasions.

“Wait until you see my base case and best case scenario!” Well, a hint: the best-case scenario is $450,000 in December,” he added in commenting on bitcoin’s performance in 2021.

Kiyosaki Waits to Buy at $24,000
As Cointelegraph reports, in the meantime, bitcoin’s move over the weekend has been problematic.

At the time of writing, Sunday’s low was $33,337 on Bitstamp, and BTC/USD fell 5% on the day, reversing most of the previous week’s gains.

Different voices see further declines as increasingly likely, with Robert Kiyosaki, author of “Rich Dad Poor Dad,” being the latest high-profile and bearish Bitcoin advocate.

“The biggest bubble in the history of the world is getting bigger and bigger,” he warned on Saturday about the overall macro market environment.

“The biggest crash in the history of the world is coming. Buy more gold and silver. Wait for bitcoin to drop to $24,000, the best time to get rich. Take care.”
Such an event could be reminiscent of March 2020, and commentators continue to note that the stock market keeps hitting all-time highs no matter what noises central banks make.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/analyst-planb-bitcoin-could-reach-450000-by-the-end-of-2021-135000-is-worst-case-scenario/
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