The “absolute minimum” of $ 270,000 is the next price for Bitcoin in 2025, according to the amount of analyst.
Plaanb is widely predicted by more bitcoin equivalent pools (BTC) to high -price goals by the end of this year.
In a new strategic session, Planb takes a look at the monthly relative strength index of Bitcoin (RSI).
RSI is usually used as an indicator of momentum and also to suggest excessive conditions in peak or sale.
Plaanb notes that historically, at the height of Bitcoin Bull markets, BTC passes several months with RSI above 80 – features red points on its scheme.
With the monthly relative power index approaching 80, and given the average BTC gains during the periods when the index was at these levels, Planb says it expects the “absolute minimum” of $ 270,000 from BTC this year.
“In fact, in order to be a specific, I expect at least three, perhaps four or five months of red points, which means the relative strength indicator of 80 or higher. Now it is very interesting, it is if we look, historically, in those points, where RSI was 80 or higher, then we will see that the average return in those periods – the regions of the red point – was 40 % +.
This means that one month of 40 %+ means from 100,000 dollars today [would be] 140,000 dollars in February. Since I expect several months of red points, at least three times, three times 40 % will bring us from 100,000 dollars to 270,000 dollars …
This is the absolute minimum of bitcoin that I expect in 2025: 270,000 dollars. “
At the time of this report, BTC is traded at $ 96,789.
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