Renowned analyst PlanB has shared his evaluations regarding the parabolic rise in Bitcoin’s (BTC ($101,708.06)) price. In a recent strategy session, he highlighted that certain periods have observed gains of around 40% based on monthly Relative Strength Index (RSI) data. As a result of this analysis, he commented that the expected minimum price level for BTC by 2025 could reach $270,000.
PlanB and BTC Predictions
PlanB conducted a detailed examination of the monthly RSI data, which is utilized as a gauge for Bitcoin’s volatility. It was noted that historically during bull market peaks, BTC’s RSI value often exceeded 80. This occurrence is frequently seen during periods when market momentum is moving positively.
In 2021, when he accurately predicted peaks for three consecutive months, investors nearly carried him on their shoulders. However, following the peak in November, it took considerable time for PlanB to convince himself of the subsequent long-term decline.
Anticipated Price Surge Processes
In his analysis, PlanB argued that multiple months of RSI reaching 80 and above supports the expected price increase in Bitcoin 
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