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Renowned quantitative analyst PlanB is revealing what he thinks the end of this year will bring for Bitcoin, and how much longer the current crypto bull market can last.
The top end of PlanB’s S2FX model pins $288,000 for BTC at the peak of this cycle. However, the analyst suggests that a brief shot above that target before finally correcting is not impossible.
“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…”
In other trending Bitcoin News today: Bitcoin Supply Shortage Setting the Stage for Higher Prices, According to Crypto Analyst Nicholas Merten!
Popular crypto analyst Nicholas Merten of DataDash is looking at one key metric to explain what’s fueling Bitcoin’s bull run towards new all-time highs.
“So we’re in October. We were hoping by the end of this year that we would see a rise back up to previous all-time highs of 65k, and then set the stage to continue climbing higher and make new all-time highs in price, and eventually charter towards six-digit territory at 100k, and with our most euphoric estimate being $200,000 in this cycle.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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