Bitcoin Bull Market Potentially Forming, Says Analyst PlanB
- PlanB suggests a Bitcoin bull market may be forming based on 200-week means.
- The 200-week arithmetic and geometric means are close together, indicating a potential breakout.
- Historical data shows explosive Bitcoin runs when these means align, as seen in 2017 and 2020.
- Past bear markets occurred when there was a significant gap between the two means.
- Bitcoin is currently trading at $80,641, marking a nearly 2% increase on the day.
The alignment of the 200-week arithmetic and geometric means suggests that Bitcoin might enter an upward trend, similar to patterns observed in previous years like 2017 and 2020.
Source (2.6)https://dailyhodl.com/2025/04/08/technical-indicator-suggesting-bitcoin-btc-bull-market-hasnt-started-yet-quant-analyst-planb/?rand=59076
