How Plausible Are PlanB, Robert Kiyosaki, and Standard Chartered’s ‘Six Digit’ Bitcoin Targets?

How Plausible Are PlanB, Robert Kiyosaki, and Standard Chartered’s ‘Six Digit’ Bitcoin Targets?

The post How Plausible Are PlanB, Robert Kiyosaki, and Standard Chartered’s ‘Six Digit’ Bitcoin Targets? appeared first on Coinpedia Fintech News

There’s been a lot of buzz surrounding Bitcoin, especially since it reached all-time highs of $73k recently. While Bitcoin is striving to stabilize above $70k, analysts and experts are setting some bold targets for the coin before the end of 2024.

Crypto expert Plan B has made a striking Bitcoin price prediction for June 2024. According to his analysis, Bitcoin could potentially reach a target price of at least $100,000 in the near future. Plan B’s analysis is based on a model he developed, which suggests a rapid rise in Bitcoin’s price.

Additionally, Robert Kiyosaki predicts that Bitcoin’s price will skyrocket to $350,000 by mid-August. This forecast is based on his analysis of market trends and factors influencing Bitcoin’s price movements.

Another prediction comes from Standard Chartered, which forecasts a $150,000 BTC price by the end of 2024. This prediction is based on favorable payroll data and other market indicators suggesting a potential rise in Bitcoin’s price to $80,000 by the end of June.

Now, looking at the current state of Bitcoin, almost five months of the year have passed and we still haven’t seen Bitcoin reach $100k yet. The highest it got was $73k during the halving pump, along with ETF money, which is quite unusual. Normally, we don’t break the all-time high until a few months or even six months after the halving. So, it’s quite impressive that Bitcoin’s price is where it is now.

With Bitcoin and the broader crypto market, we anticipate a breakthrough downwards. As we move higher, there might be some resistance along the way, causing a temporary stall or even a slight push upward for a day. Looking at the total market cap on the daily timeframe, there’s a significant bullish pattern forming—a big bull flag. If this pattern plays out as expected, we could see a measured move upwards. However, given 

Looking back at June 2023, the crypto market bounced back thanks to BTC spot ETF filings. It was a month filled with progress and regulatory changes, with big institutions getting more involved. While hitting $100k for Bitcoin in June 2024 seems unlikely, it might still happen before the year ends, given its current path.