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.
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
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 signif…
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