Renowned quant analyst PlanB, known for the stock-to-flow (S2F) model, is predicting a Bitcoin (BTC) bounce based on on-chain data. He highlights the realized price metric, which currently sits at around $65,000. PlanB expects BTC to bounce from this level, as it has historically served as a support line in bull markets. He also points to the Relative Strength Index (RSI), a momentum indicator, which he believes will reach peak levels similar to previous cycles, indicating potential for exponential returns. This suggests that PlanB remains bullish on Bitcoin's future.

The Daily Hodlâ˘2 years agoâ˘
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PlanB Predicts Bitcoin (BTC) Bounce: On-Chain Signals Bullish?
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Summary:
PlanB, known for the S2F model, believes Bitcoin (BTC) is poised for a rebound.
He cites the realized price metric, which has historically acted as support in bull markets, currently at $65,000.
PlanB expects a bounce from this level.
He also highlights the Relative Strength Index (RSI), expecting it to reach peak levels like in previous cycles, implying exponential returns.
These indicators suggest a bullish outlook for Bitcoin.
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