‘Absolute Minimum’ of $270,000 Price Target Coming for Bitcoin in 2025, According to Quant Analyst PlanB

Renowned quant analyst PlanB is forecasting further parabolic surges for Bitcoin (BTC) towards high price targets by the end of this year.

In a recent strategic analysis, PlanB delves into Bitcoin’s monthly relative strength index (RSI).

The RSI serves as a momentum indicator and signals potential overbought or oversold conditions.

PlanB observes that historically, during the peak of Bitcoin bull markets, BTC experiences multiple months with its RSI above 80 – denoted by the red dots on his chart.

With the monthly RSI rapidly approaching 80, and taking into account BTC’s average gains during periods of such high levels on the indicator, PlanB anticipates a “minimum” of $270,000 for BTC this year.

“Specifically, I foresee at least three, possibly four or five months with red dots indicating an RSI of 80 and above. What’s particularly intriguing is that historically, during these periods of high RSI, the average return was over 40%.

So, a single month with a 40%+ increase from today’s $100,000 would mean $140,000 in February. And since I expect several months with red dots, at least three, three times a 40% increase would bring us from $100,000 to $270,000…

Therefore, $270,000 is the absolute minimum Bitcoin price I foresee for 2025.”