PlanB Predicts Bitcoin (BTC) Bounce: On-Chain Signals Bullish?

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.