That’s according to analyst PlanB, who released his latest sentiment bullish BTC price prognosis. Bitcoin could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.”
Well known as the creator of the stock-to-flow Bitcoin price forecasting models, PlanB has bucked the overall market mood in recent weeks and months.
Even as BTC/USD sees multiple retests of lows from months past, the analyst — and his models — remain firmly fixed on a far brighter mid-term goal for the largest cryptocurrency.
Now, even the “worst-case scenario” for Bitcoin would still see it trade at $47,000 in August. A slight reversal in September places the minimum target at $43,000 for that month, only 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.
As such, Bitcoin is still four months from re-matching its all-time high — a prediction that nonetheless beats some bearish models currently circulating from traders.
These include Josh Rager, who this week claimed that $64,500 may well have been this price cycle’s top — something PlanB has specifically renounced on multiple occasions.
“Wait until you seen my base case and best case scenarios! OK, a hint: best case Dec $450K,” he added in comments about what Bitcoin could be capable of in 2021.
Source: https://cointelegraph.com/news/bitcoin-price-can-hit-450k-in-2021-135k-is-worst-case-scenario-planb
