Bitcoin's Price Predicted to Hit $270,000 by 2025: PlanB's Bullish Forecast

Generated by AI AgentCoin World
Monday, Feb 3, 2025 12:44 pm ET1min read

Bitcoin's (BTC) price is expected to reach an "absolute minimum" of $270,000 by the end of 2025, according to widely followed quant analyst PlanB. In a recent strategy session, PlanB analyzed Bitcoin's monthly relative strength index (RSI) and predicted a parabolic rally for the cryptocurrency.

PlanB noted that historically, at the peak of Bitcoin bull markets, the cryptocurrency's RSI has been above 80 for multiple months. With the monthly RSI approaching 80, PlanB expects at least three, possibly four or five months of RSI above 80, which would result in an average return of 40% or more during these periods.

Based on this analysis, PlanB predicts that Bitcoin's price could reach $140,000 in February 2025, and if the RSI remains above 80 for multiple months, the price could reach an "absolute minimum" of $270,000 by the end of the year.

At the time of writing, Bitcoin's price was trading at $96,789.

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