PlanB analyst predicts bitcoin’s growth to $ 125,000

A well-known PlanB analyst predicts that a hot «FOMO» bull run is approaching for bitcoin BTC $108,340.30 Bitcoin -0.22% Market capitalization $2.15 trillion VOL. 24 hours $0.96 billion - that is, a period when the market is gripped by fear of missing out and prices rise sharply. The expert stated this in a recent video review for his subscribers, referring to a key technical indicator — the Relative Strength Index (RSI).

PlanB notes that on the monthly chart, bitcoin’s RSI has started to grow again after a slight «wobble» last year. According to him, if the indicator reaches 75, it is usually accompanied by several months of rapid bullish growth. The analyst reminds that in previous cycles, after RSI=75, bitcoin has repeatedly demonstrated «hot» months with RSI over 80.

Based on historical data, PlanB concludes that if the market leader’s RSI reaches the target levels in July, the month may end with a price of about $ 125,000 per coin. In the future, according to the optimistic scenario, we can expect an even more active bull run, as it happened in all previous cycles, including 2021.