The analyst insists that the only way for BTC price action is up, with a potential high of $450,000 in 2021.
By the end of 2021, Bitcoin (BTC) might be worth $450,000, while $135,000 would be the “worst case scenario.”
That’s according to analyst PlanB, who made his latest bullish BTC price prediction on June 20.
In October, Bitcoin is expected to reach a new all-time high.
PlanB, the inventor of the stock-to-flow Bitcoin price forecasting algorithms, has consistently defied market sentiment in recent weeks and months.
Despite several retests of recent lows in BTC/USD, the analyst — and his models — remain focused on a much brighter mid-term target for the largest cryptocurrency.
Even under the “worst-case scenario,” Bitcoin would still be worth $47,000 in August. After a modest reversal in September, the minimum objective for that month is $43,000, followed by $63,000 in October, which is approaching all-time highs.
The action picks up in November, with $98,000 on the table and a whopping $135,000 at the end of the year.
