The creator of the Stock-to-Flow model, widely known under the pseudonym PlanB, posted a new video on YouTube in whichpresented his forecast for bitcoin from 2023 to 2025.
Apparently, for greater clarity, he cited a chart called "Months before halving", published in early January of this year.
Months before bitcoin halving
The trader noted that it does not matter if a trader enters with $1000, he will receive $10,000, if he invests $1, he will receive $10. By his logic, any investment in Bitcoin will eventually return 10x.
The PlanB forecast also mentions the Relative Strength Index (RSI) technical analysis tool, ostensibly because it is based on the net price of bitcoin in an index ranging from 0 to 100.
bitcoin relative strength index chart
From the chart, you can see that the range of Bitcoin is much higher than the range of a typical asset from 30 to 70. In this case, the range of Bitcoin ranges from 40 to 100:
We are now in the fear phase, so there will be a bull market again.
Let us recall that in 2021, PlanB predicted bullish growth and Bitcoin exceeding the $100 thousand mark. However, this goal was not achieved as Bitcoin only rose to $69 thousand.
Currently, the BTC price is hovering around $23,000, having recorded a 0.5% increase in the last 24 hours.
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