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PlanB: BTC bull run signal reappears, monthly rise of 40% may continue to unfold
ChainCatcher news, analyst PlanB stated, "The current Relative Strength Index (RSI) for Bitcoin is 69. I expect that there will be at least 4 months of RSI exceeding 80, just like in previous bull runs (2021, 2017, 2013). An RSI exceeding 80 usually corresponds to a monthly return of over 40%. A consecutive 4-month rise of 40%+ could push the price of Bitcoin from the current $104,000 to $400,000."