The crypto industry has been rife with intense activity in recent weeks, coinciding with a streak bitcoin-surge-post-trump-election-futures-market-hints-at-more-to-come/” rel=”nofollow noopener” target=”_blank”>Before and after the US elections. Much of the activity has focused on the price of bitcoin, although ethereum/ethereum-surges-past-2500-what-the-futures-market-signals-for-traders/” rel=”nofollow noopener” target=”_blank”>spreading to other cryptocurrencies.
The price of bitcoin bitcoin-news/bitcoin-post-halving-advance-on/” rel=”nofollow noopener” target=”_blank”>broke above $70,000 for the first time at the end of October, just as the US election campaigns were coming to an end, ultimately resulting in Donald Trump's victory. being chosen as the next president in November.
Interestingly, these events and their timelines were predicted on social media platform x by a popular crypto analyst. In particular, these predictions x.com/100trillionUSD/status/1854175706743218679″ rel=”nofollow” target=”_blank”>were the first two in the broader perspective of bitcoin price reaching $1 million.
PlanB bitcoin Price Prediction Timeline
According to a x.com/100trillionUSD/status/1838624330176922033″ rel=”nofollow” target=”_blank”>social media post In September from crypto analyst Plan B, these predictions were simply the beginning of a longer roadmap that could ultimately lead to bitcoin reaching $1 million by 2025.
PlanB's vision for bitcoin's price trajectory is a bitcoin-news/analyst-reveals-bitcoin-chopsolidation-phase-nears-end/” rel=”nofollow noopener” target=”_blank”>ambitious roadmap which began with the October increase to $70,000. He then predicted Donald Trump's election victory in November, eventually ending the Biden/Harris/Warren/Gensler war on cryptocurrencies and setting the stage for bitcoin's price to hit $100,000 before December. Following this, PlanB anticipates a massive wave of capital from new bitcoin exchange-traded funds (ETFs) to drive the price of bitcoin up to $150,000 by the end of December 2024.
By January 2025, he predicts a resurgence of crypto companies back to the US, which would push the price even further to $200,000. However, he suggested that some early investors could withdraw their money in February 2025, causing a brief drop to $150,000. March 2025 will see another rally 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 would raise the price of bitcoin to $400,000. The ripple effect of this measure is expected to continue until May 2025, as many other countries begin to follow in the United States' footsteps. This, in turn, would take bitcoin to $500,000 by May 2025.
The analyst predicts that ai-powered trading algorithms will begin to use bitcoin in arbitrage trading in traditional finance, which would cause a rise to $600,000 by June 2025. In particular, PlanB expects a crazy phase to begin. FOMO (fear of missing out) after this. with a relentless buying spree between July and December 2025 that would see the price of bitcoin reach a high of over $1,000,000.
However, he projects that this peak will lead to a distribution phase in 2026, which will see bitcoin fall back to around $500,000. The roadmap then forecasts a bear market for 2027, with bitcoin price eventually finding a bottom near $200,000.
btc Current Status
At the time of writing, bitcoin is trading at $75,120, having recently bitcoin-news/massive-bitcoin-short-liquidations-send-btc-above-ath-trump-win-sets-a-bullish-environment/” rel=”nofollow noopener” target=”_blank”>reached a new all-time high of $76,243 in the last 24 hours. However, this might not last long, as bitcoin-news/bitcoin-current-price-action-sets-stage-for-30-rally/” rel=”nofollow noopener” target=”_blank”>current momentum suggests bitcoin price will reach $80,000 very soon.
Featured image created with Dall.E, chart from Tradingview.com
