Bitcoin Analyst Predicts Bull Market with Potential for Significant Price Surge

Bitcoin analyst PlanB has offered insights into the cryptocurrency’s potential price trajectory. PlanB cited Bitcoin’s current Relative Strength Index (RSI) of 69, indicating a bullish market trend. He predicts that Bitcoin will enter a sustained bull market lasting at least four months, with the RSI exceeding 80. His analysis draws parallels to historical market trends from 2013, 2017, and 2021, noting that when the RSI surpassed 80 during these periods, average monthly price increases exceeded 40%. This suggests Bitcoin’s price could potentially rise from its current value of around $104,000 to a remarkable $400,000 or more if this pattern repeats.