Analyst PlanB, known for his S2F model, offers insights into the recent surge in Bitcoin (BTC) price. While US-China trade agreements are credited with igniting this rally, the question remains: will it continue? PlanB’s assessment suggests a bullish outlook. Based on historical trends, he expects Bitcoin to surpass its previous all-time high near $110,000 soon and establish a new record. This prediction is further reinforced by his observation of an upward trend in the Bitcoin RSI, which currently sits at 66. PlanB anticipates this indicator will rise above 80 in coming months, mirroring past bull market peaks, and remain at these levels for several more months before potentially contributing to Bitcoin’s price reaching $400,000 within a short time frame. The analyst highlights that the recent surge in Bitcoin’s 200-week moving average, currently between $46,000 and $47,000, indicates a growing market sentiment and possibly a ‘Fear Of Missing Out’ (FOMO) phase. This prediction aligns with the S2F model, which suggests Bitcoin could reach $500,000 by the end of the current halving cycle. It’s crucial to remember this information is not financial advice.