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The only way is up for the Bitcoin price action, analyst PlanB insists, offering a potential 2021 high of $450,000 per BTC, while $135,000 would be the “worst-case scenario”.
“Wait until you seen my base case and best case scenarios! OK, a hint: best case Dec $450K,” he added in comments about what Bitcoin could be capable of in 2021 which he originally shared 3 months ago on June 20th, and now 3 months later he just updated us with the following:
“In June I sketched the rough path of how bitcoin could go towards its s2f target of $100K in Dec. Just confirming we are still on that path IMO.”
In other trending Bitcoin News today: Commodity strategist predicts Bitcoin ETF could get the nod in US next month!
A Bitcoin ETF could be approved by U.S. regulators by October. according to Bloomberg Intelligence Commodity Strategist Mike McGlone.
When asked about a timeframe on potential U.S. Bitcoin ETF approval, McGlone said it could happen “potentially by the end of October.” He maintained that it was likely to be a futures-backed product first, adding that it would open a “legitimization window for a massive amount of money inflow.”
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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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