Over the last few weeks, the cryptocurrency industry has been full of intense activity that coincides with the run before and after the US elections. However, most of the activity focused on the price of Bitcoin spreads to other cryptocurrencies.
Bitcoin price exceeded the $70,000 mark for the first time in overdue October, as US election campaigns were winding down, ultimately resulting in Donald Trump’s victory will be elected next president in November.
Interestingly, these events and their schedule were predicted on social media platform X by a popular cryptocurrency analyst. Especially these forecasts were the first two in the long run, the price of Bitcoin will reach $1 million.
PlanB Bitcoin price prediction timeline
According to A post on social media in September by crypto analyst Plan B, these predictions were just the beginning of a broader roadmap that could ultimately lead to Bitcoin reaching the $1 million mark in 2025.
PlanB’s vision for Bitcoin’s price trajectory is here an ambitious action plan it started with an October boost to $70,000. He then predicted that Donald Trump’s election victory in November would finally end the Biden/Harris/Warren/Gensler war on cryptocurrencies and set the stage for Bitcoin’s price to hit $100,000 by December. PlanB then predicts a massive wave of capital from up-to-date Bitcoin exchange-traded funds (ETFs) that will push the price of Bitcoin to $150,000 by the end of December 2024.
He predicts there will be a resurgence of crypto companies back to the United States by January 2025, pushing the price further to $200,000. However, he suggested that some early investors could cash out in February 2025, which would cause a short-term drop to $150,000. March 2025 will come with another boost to $300,000 when Bitcoin becomes legal tender in countries like Bhutan, Argentina and Dubai.
In April 2025, the United States will begin accumulating Bitcoin as a strategic reserve under the Trump administration, which will raise the price of Bitcoin to $400,000. The impact of this move is expected to continue into May 2025, as many other countries begin to follow the United States’ lead. This, in turn, would lead to Bitcoin’s value rising to $500,000 in May 2025.
The analyst predicts that AI-powered trading algorithms will start using Bitcoin for arbitrage trading in conventional finance, which will cause it to skyrocket to $600,000 by June 2025. It is worth noting that PlanB expects a crazy FOMO phase to begin after this ( fear of missing out), with a relentless wave of buying between July and December 2025 that would cause Bitcoin’s price to peak above $1,000,000.
However, he predicts that this peak will lead to a distribution phase in 2026 that will see Bitcoin fall to around $500,000. The roadmap then predicts a bear market until 2027, with Bitcoin’s price eventually bottoming out near $200,000.
The current state of BTC
At the time of writing, Bitcoin is currently trading at $75,120 reached a up-to-date all-time record of $76,243 in the last 24 hours. This may not last long, however, because suggests current momentum Bitcoin price will soon reach $80,000.
Featured image created with Dall.E, chart from Tradingview.com
