In the last 24 hours, Bitcoin (BTC) has won over $2,000, rising from a minimum of $105,400.23 to over $107,500. Among the rally signals, Planb, a well-known Bitcoin analyst and founder of S2F, has removed bullish predictions.
Bitcoin RSI retest could trigger major bullish rally
in post Supported by the Bitcoin Relative Strength Index (RSI) chart, Planb suggests that Bitcoin could surge as much as $130,000 by the end of June 2025.
In particular, RSI, a technical indicator of an asset, can provide insight into it. Generally, over 70 RSIs indicate that assets are being acquired in excess.
However, Bitcoin is known to ignore traditional thresholds. However, based on historical data, Bitcoin is known to hit 75 RSIs under strong bullish conditions. Therefore, as predicted in his charts, if history repeats in June, Bitcoin could peak at $130,000 at the end of June.
It would be fine if BTC retested the RSI 75 again this month.
RSI 75 = ~ $130K (closing price in June). pic.twitter.com/aijjqrxydk– Planb (@100trillionusd) June 9, 2025
At the time of reporting, Bitcoin was like that. change A $107,770.56 hand representing a 1.91% increase over the last 24 hours. Investors remain active as trading volumes registered a significant 23.77% spike at $45.48 billion within the same time frame.
Fresh USDT Spur Bitcoin Market momentum of $1 billion
The broader crypto market has also registered an increase in activity, as Stablecoin Giant Tether has It was created Additional $1 billion USDT. This suggests that USDT has seen an increasing demand for purchasing BTC in the crypto market following the profits recorded by Bitcoin over $2,000 in the past 24 hours.
Interestingly, Bitcoin bounced off the $105,000 zone and quickly surged above $106,500 as soon as the newly created USDT hit the blockchain.
Meanwhile, as Bitcoin gains value, Max Kaiser, Bitcoin advisor to El Salvador President Naive Bukere, said: Fiat currency crash For BTC. Keizer pointed out that Turkish Lira had plummeted against Bitcoin.
