Q4 2024 could be Bitcoin's biggest breakout year ever, with a potential price of up to $150,000! According to PlanB, an analyst known for his Stock-to-Flow (S2F) model, Bitcoin could hit some impressive price points in the next 3 months.
Here is the detailed forecast:
October: Bitcoin Pump Month 🚀
PlanB predicts that October will be a “pump month” for Bitcoin, with prices surpassing $70,000. Historically, October has been a positive month for the cryptocurrency market. Investors returning after the summer, coupled with macroeconomic factors such as interest rate adjustments, could set the stage for Bitcoin to break out.
November: Trump and Cryptocurrency Policy 🗳️
PlanB believes that if Donald Trump wins the US election, this will end the current tight policies towards cryptocurrencies by the current administration. With a more open policy towards crypto, Bitcoin could break through to $100,000 in November.
December: ETFs and Institutional Flows 💰
December will be the month when Bitcoin reaches its all-time high, according to PlanB. He predicts that Bitcoin ETFs will see a strong inflow of money into the market, pushing Bitcoin to $150,000. The entry of major financial institutions like BlackRock and Fidelity into the cryptocurrency space through ETF products could be a strong catalyst for Bitcoin prices in Q4.
Why is Q4 usually a boom time for Bitcoin?
Historically, the fourth quarter has been the time when Bitcoin has seen its strongest growth. This could be due to large inflows of institutional money into the market, along with investor optimism ahead of major economic and political events.
Factors to consider:
While these predictions are optimistic, the cryptocurrency market remains volatile. Factors such as the US election, global monetary policy, and volatility in traditional markets can all impact Bitcoin’s growth.
Conclusion: Can Bitcoin Hit $150,000 in the Next 3 Months?
With macro factors like ETF inflows and political changes in the United States, PlanB's prediction of Bitcoin hitting $150,000 is not impossible. However, investors still need to consider short-term market volatility and risk factors.
What do you think about PlanB's prediction? Can Bitcoin hit $150,000 by the end of this year?
