February 5, 2023

PlanB: any investment in bitcoin will return you 10x

The creator of the Stock-to-Flow model, commonly known as PlanB, posted a new video on YouTube in which presented 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.

PlanB: any investment in bitcoin will return you 10x

Months before bitcoin halving

The trader noted that it does not matter if the trader enters $1,000, he will receive $10,000, if he invests $1, he will receive $10. According to his logic, any investment in bitcoin will return 10x over time.

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.

PlanB: any investment in bitcoin will return you 10x

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.

Recall that in 2021, PlanB predicted bullish growth and exceeding the mark of 100 thousand dollars by bitcoin. However, this goal was not met as Bitcoin only rose to $69,000.

Currently, the BTC price is hovering around $23,000, having recorded a 0.5% increase in the last 24 hours.

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