Quant analyst PlanB says that Bitcoin (BTC) has now entered the stage of its market cycle where extreme price pumps and volatility are commonplace.
In a new strategy session, PlanB shares a chart with his 118,000 YouTube subscribers that attempts to indicate the four phases of Bitcoin’s market cycles: the accumulation phase, the bull market, the distribution and the bear market.
According to PlanB, who is also the creator of the controversial stock-to-flow (S2F) model, Bitcoin has just entered the bull market, which will bring “face-melting FOMO (fear of missing out)” and massive rallies – as well as 30% dips.
“Big news here: red dot.
What we see in this chart is the stock-to-flow price again on a logarithmic scale and the colors… It’s the phases…
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 be face-melting FOMO, extreme price pumps.
And also, multiple, -30% dips.
A lot of people ask what I mean by that. If we look at, for example, the 2017 all-time high, which is more typical than the one in 2020 and 2021, we saw multiple – I think five or six -30% dips in there. But then, big pumps after that.
If you’ve never experienced a bull market, it will really be face-melting and scary at some times, but we have a lot of things going on. The narrative is the ETFs (exchange-traded funds) at the moment of course. We saw $500 million in inflows in one day, and that caused a 5% price pump in Bitcoin.
There are lots more inflows into the ETFs coming, so that promises a lot more price increases as well.
And there might be in the rest of the year, in 2025, sovereign funds and nation-state adoption. Who knows what’s next? It will be very surprising, it will be extreme.”
At time of writing, Bitcoin is worth $63,546, up over 2.5% in the last 24 hours.
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