PANews reported on May 12 that Bitcoin analyst PlanB posted on a social platform that the current Bitcoin relative strength index (RSI) is 69, and it is expected to enter a bull market phase that will last at least 4 months and RSI will exceed 80. Referring to the market conditions in 2013, 2017 and 2021, the average monthly increase of Bitcoin in the months when RSI was above 80 was more than 40%. If the trend repeats, the price of Bitcoin may rise from the current approximately US$104,000 to US$400,000.