Cryptocurrency analyst: “Bitcoin’s next bull market will last 8 months”

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UToday, a media outlet specializing in cryptocurrency, paid attention to the views shared by an analyst regarding the value of Bitcoin (BTC).

PlanB, an analyst who developed the 'S2F (Stock-to-Flow) model', a Bitcoin price prediction model, said that Bitcoin is in the accumulation stage and argued that Bitcoin's next stage of price change will be an all-out bull market.

Regarding the next bull rally, it is expected that the bull market before the halving will begin after April of next year and last for eight months.

According to Plan B's claims, Bitcoin will reach its cycle peak as early as the first quarter of 2025.

Previously, Plan B claimed that after the FTX bankruptcy, the price of Bitcoin was the weakest in cryptocurrency history. Also, in July, it was predicted that Bitcoin's bear market was over.

However, he denied the view that macroeconomic factors that many analysts and investors are paying attention to affect the price of Bitcoin.

He said through He explained the basis.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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