🚨 Bitcoin Drops Below $62,000, Poised for a Major Rebound 🚨 1️⃣ Current Price Dip Bitcoin has fallen below $62,000, causing concern among investors. 2️⃣ PlanB’s Analysis PlanB, a renowned analyst, uses the stock-to-flow (S2F) model. He highlights Bitcoin’s current price hovering around the five-month actual price of ~$65,000. 3️⃣ Significance of Actual Price in Bull Markets Historically, Bitcoin rarely falls below its five-month actual price during bull markets. This price level serves as a strong support line. Bitcoin is expected to rebound from the $65,000 level. 4️⃣ Relative Strength Index (RSI) RSI is a key momentum indicator to assess if an asset is overbought or oversold. PlanB predicts that RSI values will align with peak levels from previous cycles. This suggests exponential returns for Bitcoin. 5️⃣ Future Market Behavior PlanB believes the current bull market will see exponential gains, not diminishing returns. RSI values could rise above 80, similar to the cycles in 2013, 2017, and 2021. 📊 With Bitcoin’s current price around $61,785 and a slight decline of over 2% in the past 24 hours, the coming days will reveal if Bitcoin will recover as predicted. Historical trends provide a compelling case for an optimistic outlook. 📌 Stay tuned for more crypto insights! 👍 Disclaimer: This post is for informational purposes only and should not be considered financial advice. #bitcoin #Binance