Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
‘Absolute Minimum’ of $270,000 Price Target Coming for Bitcoin in 2025, According to Quant Analyst PlanB

‘Absolute Minimum’ of $270,000 Price Target Coming for Bitcoin in 2025, According to Quant Analyst PlanB

Daily HodlDaily Hodl2025/02/02 16:00
By:by Alex Richardson

Widely followed quant analyst PlanB is predicting more parabolic rallies for Bitcoin ( BTC ) to high price targets by the end of this year.

In a new strategy session, PlanB takes a look at Bitcoin’s monthly relative strength index (RSI).

The RSI is typically used as a momentum indicator and also to suggest overbought or oversold conditions.

PlanB notes that historically, at the peak of Bitcoin bull markets, BTC goes through multiple months with its RSI above 80 – characterized by the red dots on his chart.

With the monthly RSI quickly approaching 80, and considering BTC’s average gains during periods where the indicator was at such levels, PlanB says that he’s expecting an “absolute minimum” of $270,000 BTC this year.

“In fact, to be specific, I expect at least three, possibly four or five months of red dots which means an RSI of 80 and higher. Now what’s very interesting, is if we look, historically, at those points, where the RSI was 80 or higher, then we’ll see that the average return in those periods – the red dot areas – was 40% +.

So that means a one month of 40%+ means from today’s $100,000 [would be] $140,000 in February. And since I expect multiple months of red dots, at least three, three times 40% would bring us from $100,000 to $270,000…

So that’s the absolute minimum Bitcoin price that I expect in 2025: $270,000.”

‘Absolute Minimum’ of $270,000 Price Target Coming for Bitcoin in 2025, According to Quant Analyst PlanB image 0

At time of writing, BTC is trading at $96,789.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!