Bitcoin re-enters bull market zone as RSI nears 70; Analyst expects explosive multi-month rally ahead
Renowned crypto analyst PlanB, creator of the Stock-to-Flow (S2F) model, has reignited market excitement by forecasting that Bitcoin (BTC) may enter a sustained bullish phase, driven by technical indicators signaling a potential multi-month surge in price.
Key Highlights:
Bitcoin’s Relative Strength Index (RSI) currently sits at 69
PlanB expects RSI to exceed 80 for at least 4 months, mimicking past bull cycles
Historically, RSI > 80 aligns with 40%+ monthly price increases
If repeated, BTC could climb from $104,000 to $400,000 within 4 months
PlanB: RSI Pattern Mirrors Past Bull Markets
“Bitcoin's current RSI is 69. I expect it to exceed 80 for at least four consecutive months, just like during the 2021, 2017, and 2013 bull markets,”
PlanB shared on X (formerly Twitter).
According to historical data, such RSI readings above 80 have consistently marked explosive bull runs, often accompanied by sharp upward momentum and record-breaking price action.
$400K Target: The Math Behind the Forecast
With Bitcoin currently priced around $104,000, four straight months of 40%+ gains—similar to past bull cycles—could project:
Month 1: $104,000 → ~$145,600
Month 2: ~$145,600 → ~$203,840
Month 3: ~$203,840 → ~$285,376
Month 4: ~$285,376 → ~$399,526
This aligns with PlanB’s bold prediction of a potential BTC rally to $400,000.
