Bitcoin’s Bull Market Is Just Starting: Could $400K Be the Next Stop?

5h ago•

bullish:

bearish:

Bitcoin Bulls Are Back: Why $400K Could Be the Next Milestone

BTC’s surge from $82K to $104K highlights strong fundamentals and ongoing bullish momentum.
Plan B predicts Bitcoin’s RSI will soar past 80, potentially pushing prices to $400K.
Diverging moving averages signal a developing bull market, pushing Bitcoin to new highs.

Since the end of March, Bitcoin has grown significantly, increasing its price from $82,000 to $104,000 as of press time. The sudden and dramatic recovery has generated new enthusiasm among analysts. Bitcoin’s strong fundamentals and limited supply reinforce forecasts of ongoing upward movement. Analyst Plan B claims that Bitcoin’s current value is much lower than what it might be, especially in comparison to gold.

At present, Bitcoin’s RSI is 69, just under the 70 level, which is usually associated with overbought territory. Plan B expects Bitcoin to have at least four months with an RSI level above 80, mirroring the 2021, 2017, and 2013 bull market phases. When its RSI mark has passed 80, Bitcoin’s monthly returns have often exceeded 40%.