Bitcoin Analyst Predicts Extended Bull Market with Significant Price Increase

According to PANews, Bitcoin analyst PlanB has shared insights on social media, indicating that Bitcoin's current Relative Strength Index (RSI) stands at 69. He anticipates that Bitcoin will enter a bull market phase lasting at least four months, with the RSI exceeding 80. Drawing comparisons to market trends from 2013, 2017, and 2021, PlanB notes that during months when the RSI surpassed 80, Bitcoin's average monthly price increase exceeded 40%. If this pattern repeats, Bitcoin's price could potentially rise from its current value of approximately $104,000 to $400,000.