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.
*This is not investment advice.