Bitcoin RSI Trend Suggests 17% Gain to $125,000 by July

Generated by AI AgentCoin World
Sunday, Jul 6, 2025 5:21 am ET1min read
BTC
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Quantitative analyst PlanB has suggested that

Bitcoin
(BTC) may be on the verge of a FOMO (fear of missing out)-style bull market, based on the rising relative strength index (RSI) of the cryptocurrency. In a recent video update, PlanB shared his insights with his 215,000 YouTube subscribers, highlighting that the RSI, a momentum indicator that gauges whether an asset is overbought or oversold, is trending upward. According to PlanB, historical data indicates that if BTC reaches an RSI of 75 on the monthly chart, it could trigger a prolonged period of bullish momentum.

PlanB noted that while there were fluctuations in the RSI last year, the indicator has since resumed its upward trajectory. He expects BTC to continue moving towards an RSI of 75, a level that has been reached multiple times in the past. If this occurs in July, PlanB predicts that BTC could end the month at approximately $125,000. Following this, he anticipates several months of intense bullish activity, with the RSI potentially exceeding 80, a threshold that has been observed during previous bull markets, including the 2021 market.

PlanB's analysis is based on historical patterns and the current upward trend in BTC's RSI. He emphasizes that the recent wobble in the RSI was expected and that the indicator has since returned to its previous upward slope. This suggests that the current market conditions are favorable for a sustained bull run, similar to those observed in past cycles. PlanB's predictions are grounded in his interpretation of historical data and the current market trends, providing a basis for his optimistic outlook on BTC's near-term performance.

Bitcoin is currently trading at $107,992. PlanB's insights offer a glimpse into the potential trajectory of BTC, highlighting the significance of the RSI as a key indicator in predicting market movements. As the RSI continues to inch upward, investors and analysts alike are closely monitoring the cryptocurrency's performance, anticipating a potential return to the FOMO-driven bull market of previous years.