logo

$135,000 worst price Bitcoin would end 2021 – Analyst

crypto regulation

TL;DR Breakdown

  • BTC to tank $450,000 by end of 2021
  • BTC price analysis in the past 24 hours

Bitcoin price analyst, PlanB has predicted that the number one cryptocurrency would trade at $450,000 by the end of the year.

In a statement he released on Sunday, where he predicted price of Bitcoin by the end of the year, PlanB paints a worst-case scenario of $135,000 for the foremost cryptocurrency at worst.

Against all odds, Bitcoin to hit previous all-time high October

The analyst is popularly known for his stock-to-flow Bitcoin Price forecasting model which has repeatedly painted a bullish scene for the number one cryptocurrency all week, especially after its slight recovery. This is amidst all the multiple lows and retest levels for the number one crypto.

He noted that 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 or higher in October — near current all-time highs.

Things continue to be bullish for the foremost crypto and all the way to $135,000 by December after it must have made it to $98,000 by November, the analyst predicts.

In summary, PlanB states that BTC would rematch its ATH price in some months time and paint new ATH prices afterward.

BTC price remains stable below $35,000

Over the past days, the number one crypto coin has not been able to break above $35,000 as altcoins continue to plunge. ETH dropped, trading slightly above $2,200, while ripples (XRP) have dipped by more than 5 percent in 24 hours.

Earlier this week, bulls dominated the BTC market, sending its prices to a 26-day high at $41,338.21. Sellers flooded the Bitcoin market as the bulls were preparing to hit the $50K. The bears forced the all-time high digital asset price to depreciate and settle slightly below $35K. The number one coin has not been able to recover from that loss since then.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related News

Hot Stories

Jordan Forex Expo & Awards (JFEX) is coming again for the 21st time!
Dubai’s top Crypto Event of the year – “Crypto Fest 2022”, is happening on 19th & 20th October 2022
Best Twitter thread of the day - August 18th
Top tweets of the day - August 18th
Bitcoin, Binance Coin, Shiba Inu, and Avalanche Daily Price Analyses – 18 August Morning Price Prediction

Follow Us

Industry News

Best Twitter thread of the day - August 18th
Top tweets of the day - August 18th
Redditor create a bot for crypto price predictions
Korean police set to accept crypto for traffic fines after 88% program success
How to bridge to Dogechain?