PlanB predicts that Bitcoin will enter a strong 4-month rise phase.

PANews, May 12 news, Bitcoin analyst PlanB posted on social media that the current Relative Strength Index (RSI) of Bitcoin is 69, and it is expected to enter a bull run phase lasting at least 4 months, with RSI exceeding 80. Referring to the trends in 2013, 2017, and 2021, the average monthly rise of Bitcoin during the months when RSI is above 80 exceeds 40%. If the trend repeats, the price of Bitcoin could rise from the current approximately $104,000 to $400,000.

BTC0.71%
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