Renowned analyst PlanB has shared his evaluations regarding the parabolic rise in Bitcoin’s (BTC) 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 
$94,429. He pointed out that historical averages have brought about monthly gains of approximately 40% during these intervals.
“In fact, it’s expected for RSI to remain above 80 for three, possibly four, or five months. Historical data shows an average increase of 40% during these periods. A one-month increase of 40% signals a rise from the current $100,000 to $140,000; if this continues for three months, the price could reach $270,000.” – PlanB
The analysis used historical price increases at similar RSI levels as a reference point for future forecasts. A significant focus in PlanB’s statements was on calculating minimum target levels using this method. Furthermore, the historical data does not guarantee repetition, and PlanB’s predictions could be just as valid or invalid as they were in the past. Investors must act independently at decision-making points.
While data-driven interpretations indicate potential changes in market dynamics, it is emphasized that investors should exercise caution. The analyzed data suggests that past performances might reflect similarly in the future, yet the possibility of varying market conditions should not be overlooked.
