PlanB Predicts 6-Digit Bitcoin By End Of 2021 – And How Next Year Looks Like

Popular crypto analyst and trader known as PlanB shared his end of the year prediction for Bitcoin (BTC). He also forecasted how long the current bull cycle will last.

PlanB who gained fame for being the first to apply the stock-to-flow (S2F) model to Bitcoin, spoke with Anthony Pompliano, and confirmed his earlier six-figure predictions for Bitcoin by the end of 2021.

“I would be very, very surprised if Bitcoin’s price would be below $100,000 at the end of the year. That would sort of invalidate my view, my models, and that would certainly surprise me. I do think we will see a price that is at least $135,000 by Christmas because that’s what my floor model says. Basically I’m using three kind of models that all say the same thing.”

According to the pseudonymous analyst has created three models for Bitcoin: 1) the infamous S2F, which is more commonly used in the commodities markets to derive price based on the flow of supply, 2) a model which utilizes on-chain signals, and 3) a floor model that’s purpose is to discover the lowest possible price for BTC.

“If we look at the on-chain signals right now, I would say that top is at least a couple of months, say six months from here, so that would be end of Q1 [of 2022], maybe later.”

According to PlanB’s S2FX model Bitcoin could go as high as $288,000 at the peak of the current bull cycle. But, he says that there is a change that Bitcoin will go even higher before the correction comes in.

“I guess we will be above $100,000 [or] above $135,000 at the end of the year, and we’ll continue to grow maybe towards the S2FX model targets, $288,000 or even above. I would not be surprised even to see in Q1 or Q2 next year, prices of $300,000, $400,000, $500,000…”