Oh dear spectators, gather ’round and heed the words of the illustrious quant analyst, PlanB! For he hath decreed that the stars are aligning in favor of a most thrilling FOMO (fear of missing out)-style bull market for the esteemed Bitcoin (BTC) π.
In a most enlightening video update, PlanB hath shared with his 215,000 devoted YouTube subscribers the wondrous tidings of the crypto king’s rising relative strength index (RSI). This most trusty momentum indicator, which measures when an asset is overbought or oversold, doth suggest that rallies of great fervor shall soon beset the land π.
According to the erudite analyst, the ancient tomes of historical precedent do reveal that if BTC can attain an RSI of 75 on the monthly chart, a “hot” FOMO bull market of several months’ duration shall forthwith ensue π₯.
“Verily, we didst experience some FOMO and disappointment in the bygone year, which didst cause this RSI average to exhibit a slight wobble. Yet, I didst foresee this eventuality, and lo! Last month didst witness the upward slope resume its ascent. Thus, I do expect BTC to continue its merry way toward an RSI of 75, for in the year of our Lord 2019, after a similar wobble, it didst return to its former lofty heights π.
We have beheld the wondrous spectacle of an RSI of 75 on no less than three or five occasions, and I do firmly believe that we shall return to that halcyon level… Which doth imply that, were this to transpire in the month of July, the price of BTC wouldst reach a most impressive $125,000ish by month’s end π€.
And, of course, I do expect the ensuing months to be filled with the most ardent FOMO bull markets, with an RSI of 80 or more, as hath been the case in all the great bull markets of yore. Yea, even the lackluster 2021 bull market didst boast five months of RSI above 80 π₯.
At the time of this writing, Bitcoin is trading for a most respectable $107,992 πΈ.
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2025-07-06 12:21