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    “The Bull Run Is About To ERUPT” Plan B Latest Bitcoin Prediction



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    Infamous on-chain analyst Plan B who is behind the renowned ‘stock 2 flow’ Bitcoin pricing model, believes that even in a conservative bull market – Bitcoin will hit $300,000 per coin.

    Plan B is arguably the most famous on-chain Bitcoin analyst, rising to prominence for his spooky accurate calls and being the brains behind models such as Stock2Flow.

    On top of this, he has decades of experience working as an institutional investor, meaning he intricately knows financial markets and modelling.

    This week, Plan B released a new market update in which he did a deep dive on the Bitcoin Relative Strength Index or RSI.

    RSI is a number between 1-100 that measures an assets average gains, losses and changes in price. The closer RSI is to 100, it suggests that an asset is overvalued and that it’s been bought too much recently.

    This could indicated it’s due for a pullback. If RSI is closer to 0, it suggests that an asset is undervalued and that it’s been oversold. This indicates it will bounce back or go up soon.

    For normal financial instruments, like stocks, their RSI usually sits between 30-70.

    Because Bitcoin is so volatile & historically in an uptrend, its RSI usually sits between 40-90. In his latest video update, Plan B breaks down his analysis of Bitcoin’s RSI and reveals why it shows that we are in an early bull market.

    Make sure to stick around to the end of the video where Plan B extrapolates Bitcoins RSI out to 2024 and 2025 and argues why in a conservative bull market, Bitcoin will be floating around the $300,000 mark.

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    “The Bull Run Is About To ERUPT” Plan B Latest Bitcoin Prediction

    View 25 Comments

    25 Comments

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