PlanB predicts that Bitcoin will face a four-month period of strong gains
According to online reports, Bitcoin analyst PlanB posted on social platforms that the current Bitcoin Relative Strength Index (RSI) is 69 and is expected to enter a bull market that lasts at least four months and the RSI exceeds 80. Referring to the market in 2013, 2017 and 2021, the average monthly increase in Bitcoin in months with RSI above 80 exceeds 40%. If the trend repeats itself, the price of Bitcoin may rise from the current approximately US$104,000 to US$400,000.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
