Bitcoin Expert Speaks Again: Bulls Start, I’ve Already Bought!

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Famous Bitcoin analyst Plan Brecently made an ambitious forecast about the current state of BTC in the market. According to Plan B, the leading crypto asset has entered the first days of a bull market, marking the third phase of a four-stage cycle.

Plan Bshared a Bitcoin price chart from 2011 and claimed that his claim was “an exploration, not a prediction.” announced. He stated that Bitcoin is divided into four phases as early bear market, late bear market, early bull market and late bull market and the asset is currently in early bull market phase.

This development brought to mind the analyst’s earlier predictions of Bitcoin to $100,000 in 2021. Although Plan B is one of the popular analysts of the BTC and crypto world, he also seems to make very ambitious predictions from time to time. Plan B’s analysis is based on a single on-chain variable, making it different from traditional technical analysis, which considers multiple factors such as price trends, volume, and market sentiment.

The analyst’s claim is also supported by his previous statement dated March 19, where he stated that the Bitcoin Relative Strength Index (RSI) surpassed 50, confirming the bull market. The RSI is a leading indicator that measures the strength of a trend in terms of changes in closing prices. A higher RSI indicates stronger buying power, while a lower RSI indicates stronger selling power.

Koinfinans.com In conclusion, as we reported, Plan B’s claim that Bitcoin has entered the early days of a bull market is notable for Bitcoin investors and enthusiasts. With this, cryptocurrency It is important to remember that the market is volatile and nothing is certain. As with any investment, caution and thorough research are always recommended before making any decision.

You can follow the current price action here.


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