World-famous cryptocurrency analyst PlanB analyzed the bull, pointing out that Bitcoin (BTC) is still at the accumulation level.
Bitcoin supporter and analyst known as PlanB, in a recent social media post in your post famous “Bitcoin Market Cycle” included the graphic.
This chart has managed to attract the attention of many cryptocurrency investors. In the accumulation zone in the 1st stage Underlining our position, PlanB said, that everything might be just beginning implied:
Bitcoin is still in the phase 1 accumulation zone and is on the right track!
Popular analyst’s market cycle chart with blue points shown accumulation region, with green points shown bull market, with yellow points shown bear market And with red points shown liquidation points out the regions.
When you look closely at the chart, after a certain period of time, after the blue dots that indicate the accumulation zone, the bull season comes and the analyst thinks that after this point we are in of a bull market He thinks he can come.
When and how long will the Bitcoin bull last?
However, by commenting on his post, “When do you think the bull market will start?” a follower asked. responding PlanB, bull market 2024 of the year April will take place in After Bitcoin halving He stated that it will start and last for at least 8 months.
According to CoinGecko data, in the last 24 hours 2.6% increase Bitcoin exhibiting, at the time of writing from $27,238 is being traded.
