{"id":569833,"date":"2024-01-16T23:00:38","date_gmt":"2024-01-16T23:00:38","guid":{"rendered":"https:\/\/wncen.com\/?p=569833"},"modified":"2024-06-11T09:34:32","modified_gmt":"2024-06-11T09:34:32","slug":"planbs-market-cycle-analysis-bitcoin-gears-up-for-skyrocketing-beyond-100000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/planbs-market-cycle-analysis-bitcoin-gears-up-for-skyrocketing-beyond-100000\/","title":{"rendered":"PlanB\u2019s Market Cycle Analysis: Bitcoin Gears Up For Skyrocketing Beyond $100,000"},"content":{"rendered":"
In a recent post that echoes his previous analysis, the renowned Stock-2-Flow (S2F) model creator, PlanB, highlighted<\/a> a pivotal phase transition in the Bitcoin market. However, it may remain unrecognized by many.<\/p>\n Reflecting on his analysis from January of the previous year, PlanB recalled his declaration that the bear market phase had ended and an accumulation phase had commenced<\/a>. Despite this, many at the time were still anticipating a fall to a Bitcoin price of $10,000.<\/p>\n Consequently, even as the analyst’s model signals a phase transition for Bitcoin, skepticism may still cloud the perception of many in the market.<\/p>\n Despite the market movement, PlanB’s Bitcoin Market Cycle Model chart indicates that the flagship cryptocurrency has been in an accumulation stage. This critical period of consolidation began in early January last year, according to PlanB, aligning with the analyst’s earlier assertion that the bear market had concluded at that time.<\/p>\nBitcoin Enters A Phase Transition, Poised For Rally<\/h2>\n