News, Price Analysis

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

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.

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