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
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.
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.