Bitcoin Analyst PlanB Predicts 10 Months of ‘Face Melting FOMO’
PlanB’s bull market signal flashed as Bitcoin (BTC) price was trading firmly above the $62,000 mark.
The pseudonymous analyst’s prediction came two days after Bitcoin breached $60,000 for the first time in over two years.
The Bitcoin bull market officially started on March 1, according to pseudonymous quantitative analyst PlanB, who is also the creator of the controversial stock-to-flow (S2F) model for Bitcoin’s price.
BTC accumulation phase has ended, along with the easy Bitcoin buying opportunities, according to an X post by PlanB, referencing the S2F chart.
“Bull market has started. If history is any guide, we will see ~10 months of face-melting [fear of missing out] FOMO: extreme price pumps combined with multiple -30% drops.”
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