Last week, bitcoin mania reached a new peak, as the cryptocurrency’s price skyrocketed to $5,500 on the CoinDesk Bitcoin Price Index, and to a new all-time high of nearly $6,000.
A cryptocurrency analyst and technology expert predicts that the price of Bitcoin will reach $450,000 in 2021 and $135,000 for bitcoin in the worst-case scenario.
If we look at Bitcoin’s performance over the last 4 years, we can see that its growth potential is huge. However, there are many unknowns that the crypto market faces. One is the third-party infrastructure and ecosystem that will develop around it. Another is the possible increases in Bitcoin’s value, which could happen if the number of major industries that adopt it increases. The third, and most important, is the usability of Bitcoin as a payment means. If the amount of merchants accepting Bitcoin increases, its price may increase in the short term. But it will take time before Bitcoin becomes a practical payment method.. Read more about why did bitcoin spike and let us know what you think. By the end of 2021, bitcoin (BTC) could be trading at $450,000, with $135,000 being the worst-case scenario.
Here’s what analyst PlanB says, which is on 20. June released his latest bullish forecast for the BTC price, breaking sentiment.
Bitcoin reaches October peak
Known as the creator of bitcoin price prediction models, PlanB has repeatedly refuted general market sentiment in recent weeks and months.
Even now, as BTC/USD has repeatedly touched last month’s lows, the analyst – and his models – remain firmly focused on a much clearer medium-term goal for the largest cryptocurrency.
Even in the worst case scenario, bitcoin would be at $47,000 in August. After a slight turnaround in September, the minimum target is at $43,000 this month, followed by $63,000 in October – close to the current historic highs.
Then it’s a step-by-step process: There is $98,000 at stake in November and $135,000 at the end of the year.
BTC/USD Worst-case prediction model of 20. June. Source: PlanB/ Twitter
Bitcoin is thus still four months away from reaching its all-time high, a forecast that nevertheless beats some bearish models currently being circulated by traders.
Among them is Josh Rager, who said this week that $64,500 could well be the top of this price cycle – something PlanB has repeatedly denied.
Wait until you see my basic scripts and my best scripts! So, hint: best case Dec $450K, he added in comments about what bitcoin could do in 2021.
Kiyosaki awaits the $24,000 Buy-In
According to Cointelegraph, bitcoin made some problematic moves over the weekend.
Sunday’s low on Bitstamp was $33,337 at the time of writing, BTC/USD lost 5% for the day, erasing much of the previous week’s gains.
Calls for further austerity are being made from all sides and Robert Kiyosaki, author of Rich Dad, Poor Dad, has become the latest major advocate of austerity.
The biggest bubble in the history of the world is growing, he warned Saturday about the general macroeconomic climate in the market.
The biggest collapse in the history of the world is about to happen. Buy more gold and silver. I’m waiting for Bitcoin to drop to $24,000. The slump is the best time to get rich. Take care of yourself.
Such an event will be repeated in March 2020, when commentators will continue to observe consistent historical highs in equity markets, regardless of central bank statements.
Privacy settings,How Search works,why did bitcoin spike,when was bitcoin at its lowest,bitcoin in 2030,bitcoin price analysis