The renowned analyst PlanB, creator of the Stock-to-Flow model, has made a bold projection on his social media: Bitcoin is about to enter a supercycle of appreciation that could last for at least four months! According to data from PANews, the current Relative Strength Index (RSI) of BTC is at 69 — and if it surpasses the mark of 80, as occurred in the bullish cycles of 2013, 2017, and 2021, historical data indicates an average monthly appreciation of over 40%.
Based on this pattern, PlanB indicates that the price of BTC, currently valued at around $104,000, could reach the impressive mark of $400,000. The question remains: are we witnessing the start of the largest increase ever recorded in the cryptocurrency market? 🔥
