PlanB: Bitcoin (BTC) can reach $450,000 in 2021, $135,000 is Worst Case Scenario
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PlanB, a pseudonymous crypto analyst and trader, is predicting a massive price for Bitcoin (BTC) before 2021 ends.

According to the crypto analyst, Bitcoin (BTC) is poised to hit $450,000 before the end of the year, while $135,000 would be the worst case scenario.

Read Also: Tim Draper Would Eat Raw Egg If Bitcoin (BTC) Fails to Hit $250,000 By 2023

PlanB is a well-known creator of the stock-to-flow (S2F) model for the price of Bitcoin (BTC).

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$450,000 Is the Best Case for Bitcoin (BTC) In 2021

In a tweet on 20th June, PlanB showcased his bullishness for Bitcoin (BTC) in 2021. He said Elon Musk’s FUD and China’s mining crackdown are the major reasons behind the current price of Bitcoin, but he expects the cryptocurrency to surge above $47,000 by August.

He expects a drop below $43,000 in September, followed by a meteoric rise to $63,000 in October, while November will see the continuation of the positive trend to hit $98,000.

Read Also: Analyst: Bitcoin at $100k, Ethereum at $10k, Cardano at $10 on the Cards before End of the Year

Conclusively, the analyst set his worst case for BTC at $135,000 by the end of 2021.

PlanB tweeted, “Bitcoin is below $34K, triggered by Elon Musk’s energy FUD and China’s mining crack down. There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.”

Considering the prediction, Bitcoin (BTC) is still four months from equaling its all-time high of relatively $64,500. This prediction has, however, beaten bearish models that currently circulate from a number of traders and investors.

Read Also: Crypto Analyst Maps BTC, ETH, XRP, LINK, SXP Trajectories, Predicts When to Expect Altcoins’ Boom

These bearish models include Josh Rager’s claim that $64,500 may well have been this price cycle’s top, which has been continuously renounced by PlanB.

In comments, PlanB said, “Wait until you seen my base case and best case scenarios! OK, a hint: best case Dec $450K.”

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.