Quant Analyst PlanB Says Bitcoin Correction ‘Normal Bull Market Dip’ After 30% Drop for BTC - The Daily Hodl

Quant Analyst PlanB Says Bitcoin Correction ‘Normal Bull Market Dip’ After 30% Drop for BTC - The Daily Hodl

Widely followed on-chain analyst PlanB says that Bitcoin’s (BTC) current correction is part and parcel of regular bull market conditions. The pseudonymous analyst tells his 2.1 million followers on the social media platform X that the indicators he watches are still signaling bullishness for the flagship crypto asset. Says PlanB, “Even with today’s low bitcoin prices my on-chain indicators still signal bull market. So in my opinion this is a nor…

Bitcoin Bull Market May Be Forming, Says Crypto Expert

In a recent video PlanB highlighted the convergence of two key 200-week means as a sign that Bitcoin may be primed for an explosive uptrend. Convergence of 200-Week Means Signals Possible Bullish Breakout PlanB explained that the 200-week arithmetic and 200-week geometric means are currently close together on Bitcoin’s price chart, a rare occurrence that often precedes a significant price rally. According to the analyst, when these two lines are…