PlanB: «$500 000 for bitcoin they seem quite achievable " – Bits Media

A popular cryptocurrency analyst under the pseudonym Planb said, that the growth of bitcoin to $500 000 no longer seems incredible. At the same time, the expert pointed to the RSI indicator, and not on your Stock-to-Flow model.

Planb said, that the RSI indicator (Relative force index) Now repeats model, which previously signaling the beginning of Parabolic growth BTC.

“It looks like that, that RSI will continue to grow from the near future before Halining Bitcoin. Of course, There will be volatility, The schedule will not become a straight line. And in 2024 We are waiting for a bull trend, when RSI is about 90. And then the fall of bitcoin in 2025-2026 years ", - assured Planb.

The analyst touched in the new video and his Stock-to-Flow model, which monitors the price of assets and compares with the affordable volume of these assets in the market. According to the schedule of this model, By April 2024 years of bitcoin will reach $ 60,000, and then there will be a rapid growth of up to $ 300,000 and even up to $ 500,000.

“Now we are stuck in the area of ​​$ 30,000 for months. AND, Conscious Stock-to-Flow, Volatility awaits us, which will reach $ 60,000 to halving. Then the real bull trend will begin, Greed in the market. All in all, We will achieve $500 000, Although in a conservative case and $300 000 will do. Tenfold growth!» - predicts Planb.

In April, the analyst said, that the Bitcoin exchange rate can reach $ 534,000 after the next abundance of the award to miners.