PlanB: Bitcoin Bull Market Signal Reappears, Monthly Increase of 40% May Continue
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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 over 80 usually corresponds to monthly returns of over 40%. A consecutive 4 months of 40%+ gains could potentially push Bitcoin's price from the current $104,000 to $400,000."
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