Widely followed quant analyst PlanB says that one indicator is suggesting a return to a FOMO (fear of missing out)-style bull market for Bitcoin (BTC).
In a new video update, PlanB tells his 215,000 YouTube subscribers that the crypto king’s rising relative strength index (RSI), a momentum indicator that measures when an asset is overbought or oversold, suggests that rallies are coming over the next several months.
According to the analyst, based on historical precedent, if BTC can hit an RSI of 75 on the monthly chart, a months-long “hot” FOMO bull market will follow.
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“We had some FOMO and disappointment last year, and that’s why this RSI average shows a little wobble here. Well, I expected [that], and actually, that’s what we’re seeing last
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