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PlanB predicts that Bitcoin will enter a strong rise phase for 4 months.
[PlanB Predicts Bitcoin Will Enter a Strong Rise Phase for 4 Months] Bitcoin analyst PlanB posted on social media that the current Relative Strength Index (RSI) for Bitcoin is 69, and he expects it to enter a bull run phase that lasts at least 4 months with an RSI exceeding 80. Referring to the market trends in 2013, 2017, and 2021, the months where the RSI was above 80 saw an average monthly rise of over 40% for Bitcoin. If this trend repeats, the price of Bitcoin could rise from the current approximately $104,000 to $400,000.