PlanB: BTC Price Needs to Rise Over 2 Times From Here to Trigger Bull Market
CryptoNewsTerminal Staff16 Sep, 2024
PlanB: BTC Price Needs to Rise Over 2 Times From Here to Trigger Bull Market
PlanB, the respected analyst behind the stock-to-flow (S2F) Bitcoin price prediction model, has shared his take on the current Bitcoin (BTC) market conditions. On X, the new name for Twitter, PlanB commented, "Bitcoin miners are still capitulating. No bull market yet. To start a bull market, BTC price needs to be ~2x from here." PlanB's assessment suggests that the current Bitcoin market conditions are not yet indicative of a bull market. The price of BTC would need to significantly increase from its current level to enter a bull market phase.
