PlanB has revealed its Bitcoin (BTC) price prediction for the end of 2021, it also predicts when the current crypto cycle will collapse. Renowned quantitative analyst PlanB explains what he thinks the end of this year will bring for Bitcoin and how long the current crypto bull market can last. cryptocoin.com We are leaning towards the details.
bitcoin Range target in (BTC)
The pseudonymous analyst, who is known to be the first to apply the stock-to-flow (S2F) model to Bitcoin, says in a new interview with Anthony Pompliano that if BTC stays below the six-digit mark by the end of 2021, it will be caught off guard. Says the analyst:
I would be very, very surprised if the price of Bitcoin drops below $100,000 by the end of the year. This will kind of invalidate my view, my models, and it will definitely surprise me. I think we’ll see a price of at least $135,000 by Christmas because my floor model says so. I basically use three kinds of models that all say the same thing.
PlanB says its three models are S2F, which is traditionally used in commodity markets to get price based on supply flow, another model that uses on-chain signals, and finally a base model that aims to find the lowest possible price. “If we look at the signals on the chain right now, I’d say the peak is at least a few months, let’s say six months from here, so this could be the end of the first quarter of 2022, maybe later,” the analyst says.
500k possible?
The top end of PlanB’s S2FX model is holding $288,000 for BTC at the peak of this cycle. However, the analyst suggests that it is not impossible to make a short shot above this target before the final correction. He says: “I think it’s over $100,000 by the end of the year. [veya] We will be above $135,000 and continue to grow towards S2FX model targets perhaps $288,000 or higher. I wouldn’t be surprised if I see prices of $300,000, $400,000, $500,000 in the first and second quarters of next year…”
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