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Bitcoin managed to stay above $60,000 after the FED cut interest rates by 50 basis points last week. While analysts expect an increase for $BTC from now on, popular analyst PlanB, known for the S2F model, shared his monthly $BTC price forecast.
PlanB, who announced his predictions from his X account, stated that he expects Bitcoin to reach $70,000 in October.
The analyst, who announced his $BTC predictions month by month, also shared his long-term predictions for 2026 and 2027.
Stating that these predictions are just a scenario, PlanB listed the reasons for the price levels he expects for Bitcoin as follows:
“October 2024: Classic pump month and $BTC at $70,000.
November 2024: Donald Trump wins the US presidential election and $BTC hits $100,000.
December 2024: Spot Bitcoin ETFs see massive inflows and $BTC hits $150,000.
January 2025: US cryptocurrency market is exempted from regulation and individuals and firms are allowed to return. $BTC at $200,000 after.
February 2025: Power Law team sells and $BTC hits $150,000.
March 2025: Bhutan, Argentina, and Dubai add Bitcoin as fiat currency, with $BTC priced at $300,000.
April 2025: Donald Trump/US begins creating strategic $BTC reserves and $BTC hits $400,000.
May 2025: Non-EU countries to follow US in creating strategic $BTC reserves of $500,000 $BTC.
June 2025: Several AIs will start using Bitcoin for autonomous arbitrage trading, and $BTC hits $600,000.
July-December 2025: Face-melting FOMO, $BTC reaches all-time high of $1 million.
2026: Distribution phase and $BTC will drop to $500,000.
2027: Bear market, $BTC bottoms at $200,000.
Just a scenario:
– Oct: classic pump month. $BTC 70k
– Nov: Trump wins election, ends democrats Biden/Harris/Warren/Gensler war on crypto. $BTC 100k
– Dec: massive ETF inflow. $BTC 150k
– Jan: crypto people/companies return to US. $BTC 200k
– Feb: Power Law crew sells. $BTC 150k
-… pic.twitter.com/CbJLTi07Ob— PlanB (@100trillionUSD) September 24, 2024
*This is not investment advice.