PlanB: Bitcoin Bull Market Signal Resurfaces, Monthly Gains of 40% Could Be Seen Again

BlockBeats News, May 12, Renowned analyst PlanB stated, "Bitcoin's current Relative Strength Index (RSI) is 69. I expect the RSI to exceed 80 for at least the next 4 months, similar to previous bull markets (2021, 2017, 2013)."

An RSI above 80 typically corresponds to a monthly return of over 40%.

A continuous 4-month 40%+ increase could potentially raise the Bitcoin price from the current $104,000 to $400,000."