Bitcoin re-enters bull market zone as RSI nears 70; Analyst expects explosive multi-month rally aheadRenowned crypto analyst PlanB, creator of the Stock-to-Flow (S2F) model, has reignited market excitement by forecasting that Bitcoin (BTC) may enter a sustained bullish phase, driven by technical indicators signaling a potential multi-month surge in price. Key Highlights:Bitcoin’s Relative Strength Index (RSI) currently sits at 69PlanB expects RSI to exceed 80 for at least 4 months, mimicking past bull cyclesHistorically, RSI > 80 aligns with 40%+ monthly price increasesIf repeated, BTC could climb from $104,000 to $400,000 within 4 monthsPlanB: RSI Pattern Mirrors Past Bull Markets“Bitcoin's current RSI is 69. I expect it to exceed 80 for at least four consecutive months, just like during the 2021, 2017, and 2013 bull markets,”PlanB shared on X (formerly Twitter). According to historical data, such RSI readings above 80 have consistently marked explosive bull runs, often accompanied by sharp upward momentum and record-breaking price action
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