The cryptocurrency market is currently experiencing a phase of “face-melting FOMO” (fear of missing out) for Bitcoin (CRYPTO: BTC), as per a renowned quant analyst, PlanB. Extreme price pumps and volatility mark this phase.
What Happened: PlanB, the creator of the controversial stock-to-flow (S2F) model, recently revealed that Bitcoin has entered the bull market phase, as reported by Daily Hodl on Monday. He shared his analysis in a strategy session with his YouTube followers.
PlanB’s chart illustrates the four phases of Bitcoin’s market cycles: accumulation, bull market, distribution, and bear market. According to him, Bitcoin has transitioned into the bull market phase, which will witness intense FOMO, significant rallies, and occasional 30% dips.
“So we see a phase switch change right now. We go from the accumulation phase – which is over right now, there's no more steady growth, easy buying, etc. No, we go to the bull market so there will ...
