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Bitcoin

Bitcoin worst case could see 135k$ by end of December

Stock to flow creator PlanB outlines the circulating bearish model by predicting that Bitcoin can hit 135k$ by the end of 2021, which is just a worst-case scenario.

Bitcoin is in a downtrend but PlanB seems optimistic about this. At the end of April 2021, PlanB said that the bearish trend is a “mid-way dip” and stated that “nothing goes in a straight line”. On June 19 he shared his opinion on the death cross.

Bitcoin is struggling at 32k$ but PlanB stunned everyone with its prognosis. He shared his opinion that “Bitcoin is at 34k$ due Elon Musk’s energy FUD and China’s mining crackdown”. Then he tweeted:

 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

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Last week Josh Rager claimed that based on time calculations 65k$ was high of this price peak cycle. This claim was made by PlanB many times.

In the comments of his tweet PlanB said:

Wait until you seen my base case and best-case scenarios! OK, a hint: best case Dec $450K.

He is hopeful that in the best-case scenario BTC can hit 450k$ by the end of 2021.

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Apart from his optimism PlanB is a good and reliable analyst. If BTC reaches its best-case analysis it would be insane, but even if BTC touches its worst-case by end of 2021 still it’s a big leap from current prices. If we take the average of PlanB’s worst and best case it will be more than 250k$. Some positive vibes for bulls.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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