Bitcoin (BTC) could trade at $ 450,000 by the end of 2021, while $ 135,000 would be the “worst case.”
This is according to analyst PlanB, who on June 20 published its latest sentiment-shattering bullish BTC price prediction.
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 – remains firmly set on a much brighter medium-term target for the biggest cryptocurrency.
Now even the “worst case scenario” for Bitcoin would still see it trading at $ 47,000 in August. A slight reversal in September puts the minimum target at $ 43,000 for that month, 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.
As such, Bitcoin is still four months away from returning to its all-time high – a prediction that nonetheless beats some bearish patterns currently circulating among traders.
“Wait until you see my base case and best case scenarios! OK, hint: best case Dec $ 450,000,” he said. added in the comments on what Bitcoin might be capable of in 2021.
Kiyosaki expects $ 24,000 buy-in
As UKTN 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 growing,” he said warned on the overall macro market climate on Saturday.
“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.