PlanB analyst, known for the S2F model, declares the end of the accumulation phase for Bitcoin and the beginning of the price increase phase.
The upward momentum of Bitcoin, which reached $64,000, has slowed down in recent days.
At this point, although it is still uncertain whether the BTC rally will continue or not, PlanB analyst, famous for the S2F model, states that the accumulation phase for Bitcoin has ended.
Saying that the real price increase phase has started at this time, PlanB declares that it will not be easy to buy BTC anymore.
According to PlanB’s post, Bitcoin officially enters the Bull market territory with a red dot for the first time since 2021.
Although this often marks the beginning of a parabolic rise in Bitcoin, it indicates that investors should prepare for a highly volatile and fast-moving phase in the cryptocurrency market.
