Market Cap
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81791
Markets
2021-06-21

BTC could hit $450,000 by the end of 2021

Bitcoin ( BTC ) could hit $450,000 by the end of 2021, while $135,000 would be a "worst case scenario".

That's according to analyst PlanB, which published its latest sentiment-destroying, upside-down BTC price forecast on June 20.

Well known as the creator of stock-to-flow bitcoin price forecasting models, PlanB has repeatedly fought the general market sentiment in recent weeks and months.

Even though BTC/USD is seeing multiple retests of the lows of recent months, the analyst - and his models - remain firmly committed to a much clearer medium-term target for the largest cryptocurrency.

Now, even in a "worst case scenario" for Bitcoin, it would still be trading at $47,000 in August. A slight reversal in September sets a minimum target of $43,000 for that month, followed by $63,000 in October - near the current all-time highs.