PlanB predicts Bitcoin will see a strong 4-month rise

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PANews
05-12
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PANews reported on May 12 that Bitcoin analyst PlanB posted on social media that the current Relative Strength Index (RSI) for Bitcoin is 69, expecting to enter a bull market phase lasting at least 4 months with an RSI above 80. Referencing market trends from 2013, 2017, and 2021, when the RSI was above 80, Bitcoin's average monthly increase was over 40%. If the trend repeats, Bitcoin's price could rise from the current approximately $104,000 to $400,000.

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