- According to PlanB, only a few people will believe the detection of phase transitions in the current Bitcoin cycle.
- The Bitcoin Market Cycle Model chart shows that the flagship crypto is in the accumulation stage.
- PlanB predicts the upcoming bull market will see Bitcoin above $100,000.
The best thing about the current Bitcoin market cycle model is that only a few will believe it when it detects a phase transition, according to a crypto analyst posting as PlanB on X. He recalled an earlier post from January 12, when he posted that the bear market was over, but many users thought otherwise.
The best thing about this bitcoin market cycle model is that only a few will believe it when it detects a phase transition. For example, when I tweeted on Jan 12 that the bear market (green) was over and the accumulation phase (blue) had begun, many were still calling for 10k. https://t.co/V74Y8VYCVo pic.twitter.com/l2uuFaVr14— PlanB (@100trillionUSD) January 16, 2024
In his latest post, the renowned analyst shared a Bitcoin Market Cycle Model chart, showing that the flagship crypto is in the accumulation stage. The chart reflects that the accumulation began in early Ja…
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