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Cryptocurrency News Articles

Bitcoin's (BTC) rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles

May 13, 2025 at 05:00 pm

Amid renewed market enthusiasm following the U.S.-China trade agreement, well-known crypto analyst PlanB—famous for developing the Stock-to-Flow (S2F) model—has suggested that Bitcoin's rally may be far from over.

Bitcoin's (BTC) rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles

Bitcoin’s rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles, but the bigger question remains: is this just the beginning?

Amid renewed market enthusiasm following the U.S.-China trade agreement, well-known crypto analyst PlanB—famous for developing the Stock-to-Flow (S2F) model—has suggested that Bitcoin’s rally may be far from over. Rather than signaling the top, current market behavior could point to a bullish continuation phase that mirrors earlier bull cycles.

Drawing from historical data, PlanB believes Bitcoin is approaching a phase of accelerated growth that may push it past its previous all-time high near $110,000. Once that milestone is broken, he anticipates a series of new highs to follow in relatively quick succession.

A key indicator supporting this outlook is Bitcoin’s Relative Strength Index (RSI), which currently sits around 66. According to PlanB, the RSI tends to climb above 80 during strong bull runs—and he expects that same pattern to emerge in the coming months. A sustained RSI above that level would suggest increased buying momentum and heightened investor confidence.

READ MORE: Dogwifhat Price Prediction: WIF Soars Past $1, Best Meme Coin to Buy?

Adding to the bullish case, Bitcoin’s 200-week moving average has ticked up from $46,000 to $47,000—an upward shift that has often preceded periods of fear-of-missing-out (FOMO) behavior in past cycles.

If the S2F model continues to hold, PlanB argues that Bitcoin could be headed toward the $400,000 to $500,000 range by the time this halving cycle concludes.

Whether that plays out or not, one thing is becoming clearer to market watchers: Bitcoin’s recent bounce may not be a peak, but a prelude.

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Other articles published on Jun 07, 2025