Bitcoin (BTC) bulls are now eagerly awaiting the cryptocurrency’s next move after a recent dip and a new prediction from a well-known analyst.
As the cryptocurrency’s Relative Strength Index (RSI) hits 69, the early stages of a potential multi-month rally are in sight.
According to PlanB, previous bull markets (2013, 2017, and 2021) all featured at least four consecutive months with RSI above 80—a zone that typically signals strong upside momentum.
The RSI, or Relative Strength Index, is a widely used momentum oscillator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. It ranges from 0 to 100, with readings above 70 typically seen as overbought.
However, during strong bullish trends, sustained RSI levels above 80 have coincided with sharp price increases.
PlanB further highlights that when RSI pushes above 80, it often aligns with monthly returns exceeding 40%. If this pattern holds, and Bitcoin experiences four months of 40%+ gains starting from its current price of ~$104,000, it could propel BTC to as high as $400,000.
The current setup mirrors previous halving cycles, with RSI just entering the 69–70 zone—often seen as the gateway to explosive price movements. As history suggests, a period of high RSI could now usher in a powerful leg of the bull run.
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