Bitcoin Projected to Reach New All-Time Highs, Analyst Suggests
- PlanB, a quant analyst, predicts Bitcoin could reach close to $500,000.
- The monthly Relative Strength Index (RSI) is currently at 66.
- RSI above 70 indicates an asset is overbought; below 30 suggests oversold.
- PlanB anticipates the RSI will hit at least 80 for several months this cycle.
- This pattern was observed in previous bull markets of 2021, 2017, and 2013.
The current RSI of Bitcoin is around the average level of 65. PlanB expects it to rise above this level for one or more years, potentially increasing Bitcoin’s value by up to 290% from its current price. Bitcoin is trading at $102,558 as of now.
Source (2.6)https://dailyhodl.com/2025/05/13/quant-analyst-planb-says-new-bitcoin-all-time-high-incoming-with-sky-high-price-target-in-its-sights/?rand=59076
