- PlanB predicts Bitcoin may hit $70,000 in October.
- Bitcoin ETFs and global adoption could push BTC to $500,000 by mid-2024.
- A potential market correction may follow in 2026, stabilizing Bitcoin at $200,000.
PlanB, the creator of Bitcoin’s Stock-to-Flow (S2F) model, has shared a possible future price path for Bitcoin based on historical market cycles. His prediction identified several key events that could drive Bitcoin’s price to new highs next year.
PlanB anticipates Bitcoin reaching $70,000 in October, a month that typically sees strong price growth. He added that this trend may gain momentum in November if Donald Trump wins the U.S. presidential election. PlanB believes that a Trump victory could reduce regulatory pressure, propelling Bitcoin to $100,000.
According to this scenario, December could see significant Bitcoin inflows due to the approval of Bitcoin ETFs, driving BTC’s price to $150,000. Early 2024 could bring the return of crypto companies to the U.S., with the price climbing to $200,000 by January. In February, a potential sell-off by large market players could cause the price to drop to $150,000.
Read also: Bitcoin Price Needs to Double to Boost Miner Revenue, Says PlanB
By March, PlanB expects countries like Bhutan, Argentina, and Dubai to adopt Bitcoin as legal tender, resulting in a price surge to $300,000. In April, the U.S. could start building a strategic Bitcoin reserve, raising the price to $400,000. PlanB foresees other nations (except the EU) following suit, potentially driving Bitcoin to $500,000 in May.
PlanB also suggests that AI technologies could begin using Bitcoin for arbitrage in traditional finance by June, leading to a further rise to $600,000. He believes that FOMO (fear of missing out) could push the price to $1 million by the end of 2024.
Potential Correction and Long-Term Outlook
Looking ahead to 2026-2027, PlanB predicts a possible market correction, with Bitcoin stabilizing at $500,000 before a bear market brings it down to $200,000.
The analysis aligns with Bitcoin’s historical cyclical patterns. The market often experiences sharp rises followed by corrections, as observed in the previous 2011, 2013, and 2017 cycles. These trends suggest that Bitcoin’s long-term trajectory remains upward, although corrections are likely.
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