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PlanB: Bitcoin bull run signals reappear, a monthly rise of 40% may continue to unfold.
BlockBeats news, on May 12, well-known analyst PlanB stated, "The current Relative Strength Index (RSI) for Bitcoin is 69. I expect that there will be at least 4 months of RSI exceeding 80, just like in previous bull runs (2021, 2017, 2013). An RSI over 80 usually corresponds to monthly yields of over 40%. A consecutive 4 months of 40%+ rise could push the price of Bitcoin from the current $104,000 to $400,000."