According to PlanB's stock-to-flow (S2F) estimates, Bitcoin might reach $100,000 by the end of the year. These predictions have been correct so far. The Bitcoin price predictions made by the pseudonymous Dutch expert have been met for two months in a row, giving investors hope that Bitcoin will exceed $100k by Christmas.

Bitcoin is expected to reach $135k by December, according to PlanB.
The on-chain analyst predicted that the leading cryptocurrency will close at $47,000 in August, $43,000 in September, $63,000 in October, $98,000 in November, and $135,000 in December back in June. Despite recent market price corrections, these projections have proven to be correct thus far.

Bitcoin is below $34K, triggered by Elon Musk's energy FUD and China's mining crack down.

There is also a more fundamental reason that we see weakness in June, and possibly 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 (@100trillionUSD) June 20, 2021

According to CoinMarketCap, Bitcoin reached $47,768 on the last day of August and $43,752 in September. It's worth noting that PlanB's predictions are the most accurate in terms of predicting Bitcoin's future. As a result, many Bitcoiners are now more optimistic that Bitcoin will reach the long-awaited $100,000 mark by the end of the year.

The approval of the first Bitcoin exchange-traded fund (ETF) in the United States, according to several industry participants, could be one factor driving the price to new highs.

Bitcoin is once again on the rise.

October is already shaping up to be a good month for Bitcoin. In just one hour, Bitcoin was able to print a $4,000 candle, taking the price to almost $48,000. At the time of writing, BTC was trading at $47,237 on CoinMarketCap, with a market capitalization of $890 billion. The sudden spike in BTC resulted in the liquidation of more than $47 million worth of short positions in the derivatives market within an hour.