Planb reveals Bitcoins Worst-Case Scenario for 2021

• Plan B emphasized the "worst-case scenario for 2021" from Bitcoin after the recent slump to $ 135,000 by December.
• The crypto analyst set its highest Bitcoin price target to $ 450,000.

The Creator of the Popular Stock-to-Flow model, Plan B recently presented his worst-case scenario for 2021 at the Bitcoin price. Plan B added that the recent prediction is not a basic or best case and that its prediction is still based on the S2FX.

plan B emphasizes the lowest price target for Bitcoin

in a recently tweet, preserver-spaces = "true"> plan B claimed that the lowest price that BTC will act in August. The analyst said the crypto would be traded in September at a minimum price of $ 43,000 and $ 63,000 in October. In addition, Plan B added that its lowest price target for Bitcoin for November is $ 98,000 and USD 135,000 for December.

Bitcoin is less than $ 34,000, triggered by Elon Musk's energy fud and Chinas in mining.

There is also a more basic reason that we see weakness in June and possibly in July. My worst-case scenario for 2021 (price/on-chain-based): Aug> 47k, Sep> 43k, Oct> 63k, Nov> 98k, Dec> 135k pic.twitter.com/hdonovgxh1

- Planb (@100 trillions USD) 20. June 2021

Plan B mentioned in a separate tweet the price difference between August and September. According to his worst-case scenario, Bitcoin will decrease by USD from $ 47,000 in September in September. He said there would be a "small decline in fundamental data in September".

The tweet from Plan B called out several reactions from members of the crypto community and urged the analysts to specify his best-case scenario for Bitcoin in December. In December he set a price target of $ 450,000 for BTC.

Plan B said that there is a "more fundamental reason" for BTC's decline in June. He found that Bitcoin could also have some weaknesses in July. However, he did not mention the additional fundamental reasons for the Bitcoin weakness.

Plan B said that Elon Musk's comment on the BTC energy consumption and China's raid in mining led to the latest Bitcoin crash. The Tesla CEO said that BTC's energy consumption was harmful to the environment. This led to a significant loss of course from Bitcoin. Since Musk's statement, the value of Bitcoin has decreased steadily.

chinas bitcoin extension solves current BTC crash from

After Musk's comment, China has initiated a comprehensive raid in Bitcoin mining across the country. The large BTC mountain construction regions in Qinghai and Xinjiang were also affected because China continues to take part in Bitcoin.

The Bitcoin mining operation in the Southwest Chinese province of Sichuan was hired on June 20. This happened after the local authorities banned crypto mining in the region. More than 90 percent of Bitcoin mining companies in China were concluded in the course of the ongoing nationwide approach to crypto mining.

#china confirmed in guangzhou Rel = "Nofollow noopener noreferrer" Target = "_ blank" href = "https://twitter.com/cnbc?ref_src=twsrc%5etfw"> @cnbc It lifts 3,000 kg (6,600 lbs) #bitcoin Bergbaumaschinen to Maryland, USA. Fenghua International advertises for products that are delivered to the door, taxes at both ends are charged. Price per kilo: only $ 9.37! #KRYPTOWOUSE pic.twitter.com/8yujzjhpkk

- eunice yoon (@onlyoontv) 21. June 2021

: 90% of China's Bitcoin mining was set to Sichuan after the recent step: Report

An industry insider from Sichuan comments that the exit window closes and miners explore other countries to transfer their mining equipment. The insider added that a large number of miners in China have also suffered significant losses due to the accommodation.

Shentu Qingchun, CEO of the Blockchain company Bankledger based in Shenzhen, said: