The crypto industry has been riddled with intense activity up to now few weeks, coinciding with a run before and after the US elections. Much of the activity has been centered on the Bitcoin price, although spilling over into other cryptocurrencies.
The Bitcoin price first broke above $70,000 in late October just because the US election campaigns drew to a detailed, which ultimately resulted in Donald Trump being elected as the following president in November.
Interestingly, these events and their timelines were predicted on social media platform X by a well-liked crypto analyst. Particularly, these predictions were the primary two in an extended outlook of the Bitcoin price reaching $1 million.
PlanB’s Bitcoin Price Prediction Timeline
In accordance with a social media post in September by crypto analyst Plan B, these predictions were merely the start of a more extensive roadmap that would ultimately result in Bitcoin reaching $1 million in 2025.
PlanB’s vision for Bitcoin’s price trajectory is an ambitious roadmap that began with the October surge to $70,000. Next, he predicted Donald Trump’s election victory in November, which might eventually end the Biden/Harris/Warren/Gensler war on crypto and set the stage for the Bitcoin price to succeed in $100,000 before December. After this, PlanB anticipates a large wave of capital from latest Bitcoin exchange-traded funds (ETFs) to drive the Bitcoin price as much as $150,000 by the tip of December 2024.
By January 2025, he foresees a resurgence of crypto firms back to the US, which might push the value further to $200,000. Nonetheless, he suggested that some early investors may money out in February 2025, which might cause a transient dip back to $150,000. March 2025 will arrive with one other upswing to $300,000 as Bitcoin becomes legal tender in countries like Bhutan, Argentina, and Dubai.
April 2025 will see the USA begin accumulating Bitcoin as a strategic reserve under Trump’s administration, which might drive the Bitcoin price to $400,000. The ripple effect of this move is anticipated to proceed into May 2025 as many other countries begin to follow within the footsteps of the US. This, in turn, would drive Bitcoin as much as $500,000 in May 2025.
The analyst envisions AI-powered trading algorithms to start out using Bitcoin in arbitrage trading in traditional finance, which might cause a surge to $600,000 in June 2025. Notably, PlanB expects a crazy FOMO (fear of missing out) phase to kick in after this, with a relentless wave of shopping for between July and December 2025 that might cause the Bitcoin price to peak above $1,000,000.
Nonetheless, he projects that this peak will result in a distribution phase in 2026, leading to Bitcoin pulling back to around $500,000. The roadmap then forecasts a bear market by 2027, with the Bitcoin price eventually finding a bottom near $200,000.
Current State Of BTC
On the time of writing, Bitcoin is trading at $75,120, having recently reached a latest all-time high of $76,243 up to now 24 hours. Nonetheless, this won’t stand for long, as current momentum suggests the Bitcoin price reaching $80,000 very soon.
Featured image created with Dall.E, chart from Tradingview.com