According to COINOTAG News on February 8th, notable crypto analyst PlanB, boasting a following of over 2 million on Twitter, unveiled a pivotal chart showcasing Bitcoin’s historical pricing patterns. The analysis illustrates that every significant price surge in Bitcoin has coincided with a red zone on the chart, which represents the six-month interval preceding a halving event and continues up to eighteen months post-halving. In contrast, the blue zones are characterized by predominant price downturns. Presently, Bitcoin is positioned within a red period, suggesting a potential bull market extension that could last another nine months, spanning from February through October. This aligns with observed trends and reinforces the halving’s influence on market dynamics, underlining its critical role in predicting Bitcoin’s price trajectory.
Source: https://en.coinotag.com/breakingnews/planbs-analysis-predicts-bitcoin-bull-market-continuation-during-upcoming-red-period/