Will Bitcoin cross $100000 by 2021?

 Bitcoin crossed the $41,000 mark on Monday, January 2021, and the rally seems to be growing by the day. This could be an indicator of a massive bull market ahead, and a testament to the fact that Bitcoin is still the king of the crypto markets.

The most recent features are loaded up with posts about Bitcoin's dividing and its effect on Bitcoin's cost. These are well known realities and rehashed a few times as contentions at Bitcoin's new cost rally. The redundancy may have become so remorseless, that images on these realities are doing the rounds on Crypto Twitter. In any case, the genuine inquiry one necessities to pose "Is it truly basic to justify the legitimate development of a resource?

Bitcoin was expected to increase in value after every halving by design, and what’s happening right now is no different. However, how Plan B chooses to look at halvings, through S2F is different in its entirety and after a long crypto winter, the current price rally agrees. 

The predictions that were seemingly irrational, are real now. Plan B’s prediction for Bitcoin’s price in the first half of 2020, more precisely May 2020 was a price point above $50000, however, the volatility and trade volume did not support the exponential rise in price and the month closed with BTC’s price under $10000. The model had investors anticipating a more volatile rally, and this led to detailed narratives of a price drop before Bitcoin’s rally picked up momentum and crossed the threshold of $10000 in August 2020. According to Plan B,

The key themes that stood out in 2021, as Bitcoin rallied and altcoins are rallying alongside it now, are :

– Increasing inflation in most fiat currencies if not all

– Extremely accommodative / negative interest rates in most economies

– Continued and increasing institutional interest at the current price level, and irrespective of high price

– Altcoin and Decentralized finance (DeFi) growth and increasing TVL

Since narratives around Bitcoin’s price growth are already supporting one or more of these themes, it is likely to give a boost to the price and help in keeping Bitcoin’s price on course with Plan B’s S2F model’s predictions of crossing $100000 by August 2021.