PlanB forecasts that Bitcoin will experience a four-month strong rally
2025-05-12 09:55:14
Bitcoin analyst PlanB posted on the social platform that the current Bitcoin Relative Strength Index (RSI) is 69, and it is expected to enter a bull market stage that will last for at least 4 months and the RSI exceeds 80. Referring to the 2013, 2017 and 2021 market, the average monthly increase of Bitcoin in months with the RSI above 80 is more than 40%. If the trend repeats, the price of Bitcoin may rise from about $104,000 to $400,000.
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