Bitcoin Enters Bull Market, Brace for Extreme Price Swings

Quant analyst PlanB predicts that Bitcoin has entered the bull market phase, characterized by intense price surges and volatility.

Phases of Bitcoin’s Market Cycle

PlanB outlines four phases of Bitcoin’s market cycle:

  • Accumulation: Steady growth with gradual price increases
  • Bull Market: Extreme price pumps and “face-melting FOMO”
  • Distribution: Price peaks and gradual decline
  • Bear Market: Extended period of price declines

Bull Market Begins

PlanB believes Bitcoin has transitioned into the bull market phase, which will bring:

  • Rapid price increases
  • Multiple 30% price dips
  • Significant inflows into Bitcoin ETFs
  • Potential adoption by sovereign funds and nation-states

Current Market Conditions

As of writing, Bitcoin is trading at $63,546, up over 2.5% in the past 24 hours. PlanB anticipates further price increases driven by ETF inflows and potential institutional adoption.