{"id":15867,"date":"2021-07-05T07:04:56","date_gmt":"2021-07-05T07:04:56","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=15867"},"modified":"2021-07-05T07:04:58","modified_gmt":"2021-07-05T07:04:58","slug":"news-commentary-1401-bitcoin-worst-case-scenarios-july-august","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=15867","title":{"rendered":"News Commentary #1,401 \u2013 Bitcoin | Worst-Case Scenarios July, August..?!"},"content":{"rendered":"<p><span class=\"VIiyi\" lang=\"en\"><span class=\"JLqJ4b ChMk0b\" data-language-for-alternatives=\"en\" data-language-to-translate-into=\"ru\" data-phrase-index=\"0\">In this article, we will touch on the most pissimistic and worst-case scenarios in July, August for the Bitcoin price.<\/span> <span class=\"JLqJ4b ChMk0b\" data-language-for-alternatives=\"en\" data-language-to-translate-into=\"ru\" data-phrase-index=\"1\">Since the cryptocurrency industry is now directly affecting the HYIP industry, both investors and program administrators must keep in mind several ways for the possible price movements in the near future (1-2 months).<\/span><\/span><\/p>\n<p><em>*the scenario of &#8220;black swan&#8221; event is still on cards in my opinion but at the same time i am also quite sure that we will see higher prices and new all-time-highs for most tokens before the end of 2021<\/em><\/p>\n<p>Here&#8217;s the news:<\/p>\n<blockquote>\n<p>After a series of setbacks in its price action,\u00a0Bitcoin, seems to be looking up again. At press time, it was\u00a0trading\u00a0just above the $35.5k price level with a surge of around 3% within 24 hours. Now, the questions is, will it continue its bullish momentum to reach its April ATH or perhaps even cross it? Or will, there be another period of consolidation by the end of August?<\/p>\n<p>Well, this was the topic of discussion on this analyst\u2019s twitter feed recently. The analyst and Bitcoin bull who goes by the name\u00a0PlanB, took to Twitter to lay out \u201cworst-case\u201d scenarios for Bitcoin.<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe loading=\"lazy\" id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=https%3A%2F%2Ftwitter.com%2Fcrypto_shubham&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3R3ZWV0X2VtYmVkX2NsaWNrYWJpbGl0eV8xMjEwMiI6eyJidWNrZXQiOiJjb250cm9sIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1410530418495983617&amp;lang=en&amp;origin=https%3A%2F%2Fambcrypto.com%2Fthese-are-the-worst-case-scenarios-for-bitcoin-in-july-august%2F&amp;sessionId=e180e642fd053cdc7efff658c5878d022aaeb3a9&amp;theme=light&amp;widgetsVersion=82e1070%3A1619632193066&amp;\" width=\"550px\" height=\"400px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1410530418495983617\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>\u00a0<\/p>\n<p>Expanding on this on the same thread, PlanB also added his worst-case scenarios for the current month. \u201c\u2026And my worst-case scenario, the floor, for\u00a0July is $28K\u00a0(monthly close),\u201d he stated.<\/p>\n<p>Moving on to the following month, as per PlanB\u2019s analysis, Bitcoin\u2019s bull phase had not ended just yet as its price could increase by more than 40% by the end of August. According to him,<\/p>\n<blockquote>\n<p>\u201cMy on-chain data (color overlay in the chart below) tells me this bull is not over and 64K was not the top. That is in line with the s2f(x) model. Also, my floor indicator (not based on s2f) says we\u00a0will not go below 47k Aug\u00a0close.\u201d<\/p>\n<\/blockquote>\n<p>The following technical S2F model supports his projections,<\/p>\n<div id=\"attachment_168810\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM.png\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"wp-image-168810 size-full\" src=\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM.png\" sizes=\"(max-width: 2737px) 100vw, 2737px\" srcset=\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM.png 2737w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM-300x168.png 300w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM-1024x572.png 1024w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM-768x429.png 768w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM-1536x858.png 1536w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04172124\/Screen-Shot-2021-07-04-at-2.15.06-PM-2048x1144.png 2048w\" alt=\"\" width=\"100%\" height=\"\" aria-describedby=\"caption-attachment-168810\" \/><\/a><\/p>\n<p id=\"caption-attachment-168810\" class=\"wp-caption-text\">Source: PlanB|\u00a0Twitter<\/p>\n<\/div>\n<p>The analyst who has over 610,000 followers on Twitter, did however assert that $64,000 was not the peak of the bull run. However, coming back to the question many are asking, will Bitcoin surge higher or witness a price consolidation in the coming few months?<\/p>\n<p>In a tweet dated June 3, Plan B\u00a0acknowledged\u00a0his hasty analysis that dismissed the idea of diminishing returns. As per this concept, each Bitcoin bull cycle gets less volatile. The same is illustrated here.<\/p>\n<div id=\"attachment_168830\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM.png\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"wp-image-168830 size-full\" src=\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM.png\" sizes=\"(max-width: 2732px) 100vw, 2732px\" srcset=\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM.png 2732w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM-300x167.png 300w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM-1024x570.png 1024w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM-768x428.png 768w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM-1536x856.png 1536w, https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/07\/04175836\/Screen-Shot-2021-07-04-at-2.18.44-PM-2048x1141.png 2048w\" alt=\"\" width=\"100%\" height=\"\" aria-describedby=\"caption-attachment-168830\" \/><\/a><\/p>\n<p id=\"caption-attachment-168830\" class=\"wp-caption-text\">Source: PlanB| Twitter<\/p>\n<\/div>\n<p>Bitcoin\u2019s price action in the next six months will be crucial and it would be interesting to compare it with the S2F Bitcoin predictions. As things stand, PlanB\u00a0laid out two scenarios\u00a0for Bitcoin,<\/p>\n<blockquote>\n<p>\u201c1) Was $64K the top and will we oscillate between $25K-50K?<\/p>\n<p>2) Or was $64k not the top and will the bull market resume towards S2F $100K-288K?<\/p>\n<p>\u2026<em>My money is on 2<\/em>\u201c<\/p>\n<\/blockquote>\n<p>This wasn\u2019t the first time PlanB laid out those projections. He was\u00a0firm\u00a0on the the $100k and $288k projected price levels in line with his S2F and S2Fx models.<\/p>\n<p>Dan Held, Director of Growth Marketing at Kraken, supported PlanB\u2019s analysis.<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe loading=\"lazy\" id=\"twitter-widget-1\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=https%3A%2F%2Ftwitter.com%2Fcrypto_shubham&amp;dnt=true&amp;embedId=twitter-widget-1&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3R3ZWV0X2VtYmVkX2NsaWNrYWJpbGl0eV8xMjEwMiI6eyJidWNrZXQiOiJjb250cm9sIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1411345563640025092&amp;lang=en&amp;origin=https%3A%2F%2Fambcrypto.com%2Fthese-are-the-worst-case-scenarios-for-bitcoin-in-july-august%2F&amp;sessionId=e180e642fd053cdc7efff658c5878d022aaeb3a9&amp;theme=light&amp;widgetsVersion=82e1070%3A1619632193066&amp;\" width=\"530px\" height=\"400px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1411345563640025092\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/blockquote>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" sizes=\"auto, (max-width: 544px) 100vw, 544px\" srcset=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg 544w, https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1-272x300.jpg 272w\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article, we will touch on the most pissimistic and worst-case scenarios in July, August for the Bitcoin price. Since the cryptocurrency industry is now directly affecting the HYIP industry, both investors and program &hellip; <a title=\"News Commentary #1,401 \u2013 Bitcoin | Worst-Case Scenarios July, August..?!\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=15867\"><span class=\"screen-reader-text\">News Commentary #1,401 \u2013 Bitcoin | Worst-Case Scenarios July, August..?!<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[5452,139,3611,4290,3641,2726,515,5455,5453,5454],"class_list":["post-15867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-altcoin","tag-bitcoin","tag-crypto-news","tag-crypto-predictions","tag-crypto-updates","tag-money-from-home","tag-money-online","tag-price-altcins","tag-price-btc","tag-price-eth","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,401 \u2013 Bitcoin | Worst-Case Scenarios July, August..?! - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=15867\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,401 \u2013 Bitcoin | Worst-Case Scenarios July, August..?! - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"In this article, we will touch on the most pissimistic and worst-case scenarios in July, August for the Bitcoin price. 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