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.
