Famous analyst plank, bitcoin $95,293.4(BTC) in the price of paraboolic increased evaluations. In his strategy session, he said that the price increases were seen in the price increases based on monthly RSI (Relative Power Index) data. As a result of this analysis, he commented that the expected minimum price level for BTC until 2025 could be 270,000 dollars.
PLANB AND BTC PLAYS
PLANB examined the monthly RSI data used as a volatility indicator of Bitcoin. According to historical data, it is stated that the BTC value of the BTC in the summit periods of the bull markets was found to be over 80. This situation was a common feature that was frequently encountered during periods when the market momentum moved plus.
In 2021, when the three -month summits were correctly predicted, the investors carried it on their shoulders. Then the November Summit came and it took a lot of time for Planb to convince himself to the decline.
Expected price increase processes
PLANB suggested that the RSI reached 80 or more values for more than one month in its analysis supports the expected price increase in Bitcoin. At these intervals, it was pointed out that historical averages increased by around 40 %per month.
“In fact, RSI is expected to be 80 or more for three, maybe four or five months. In the past data, an average increase of 40 %was observed in these periods. One month’s 40 %increase indicates existing $ 100,000 to $ 140,000; When this situation lasts three months, the price can reach $ 270,000. ” -Planb
In the analysis, observation of price increases in similar RSI levels in the past was used as a reference point to make predictions for the future. The point that was considered in PLANB’s statements was the calculation of minimum target levels with this method. And, of course, there is no obligation to repeat historical data, and Plant’s predictions have the potential to rush or unfair as in the past. Investors must move on their own at the point of decision.
Data -based comments pointed out the possible changes in market dynamics, while investors should be careful. Although the data focused on the possibility that past performances may be reflected in a similar way in the future, the possibility of market conditions may not be ignored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
