PlanB Projects Years of Growth with Robust Fundamentals
The renowned analyst PlanB, a prominent voice in the cryptocurrency ecosystem, has offered a highly encouraging perspective on the future of Bitcoin, outlining a path of solid and sustained growth towards ambitious goals.
According to PlanB's projections, the floor of Bitcoin, that critical point that precedes significant rallies, can be identified with a high probability by examining the 200-week moving average, a tool that has demonstrated its historical validity.
Although the desired target of $500,000, suggested by his famous Stock-to-Flow (S2F) model, still appears distant, PlanB emphasizes that the timeline to achieve it is broad, estimating that the market has up to three years to realize this monumental figure.
The fervent interest of investors is palpably reflected in the price. A key indicator, the Relative Strength Index (RSI), has consistently remained close to the value of 65 for an extended period, surpassing a year. This consistency supports the prediction that the RSI will remain above this threshold for at least another year. Furthermore, it is anticipated that this oscillator will rise above the value of 80 for no less than four months, which would indicate an even greater intensification of the bullish momentum.
