Bitcoin recently reached a new all-time high of $104,000 and is currently in a bull market. Analysis of the Relative Strength Index (RSI) suggests further upside potential. With next halving in approximately 34 months, almost three years, the current bitcoin prices suggests strong bullish trend. Stock-to-Flow, Market Cycles, RSI, and Realized Price are all combined to show undervalued Bitcoin market. A potential 40% monthly gain could lead to BTC reaching $400,000.