World-renowned cryptocurrency analyst PlanB attracted attention with its new model, which suggests that Bitcoin (BTC) is at the beginning of the bull market.
PlanB is a recent in your post, price in bitcoin cycles bull And in bear stages shared a new model that indicates its position. According to the model shared by the analyst, Bitcoin is currently early stage of bull market It is positioning itself and may have a long road ahead for ascension.
Previously, in January 2022, Bitcoin 100 thousand dollars According to PlanB, which insists that it will be of the market It is located at the yellow dot that marks the beginning:
This is my favorite graph after the S2F model based on an on-chain variable. It is based on detection, not guesswork.
Based on Bitcoin’s monthly price and on-chain data, this model blue color bear of the market early period, green color bear of the market last period, yellow color bull of the market early period and red color is bull of the market It represents the last period.
According to CoinGecko data, in the last 30 days 24% BTC gaining value, at the time of writing 27,860 traded in dollars.
