PlanB: Bitcoin Bull Market May Be Starting

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Popular quantitative analyst PlanB believes the Bitcoin (BTC) bull market may be forming, citing a key historical indicator. In a recent video update to his 209,000 YouTube subscribers, the pseudonymous crypto veteran pointed to the convergence of the 200-week arithmetic and geometric moving averages—a signal he says has preceded previous explosive uptrends.

“It might be that the bull market is still forming,” PlanB noted, highlighting that the narrowing gap between these two long-term indicators often precedes major rallies. Historically, when the arithmetic and geometric 200-week means come close together, Bitcoin has gone on to deliver parabolic gains.

According to PlanB, the convergence of these means has served as a reliable signal in past cycles. “You can’t have a bear market or a big crash when the 200-week [arithmetic mean] and the geometric mean are together,” he explained. He pointed to similar setups in early 2017 and late 2020—both of which led to massive bull runs culminating in record highs for BTC.

In contrast, the analyst noted that major corrections tend to occur when the two means diverge, such as during the crashes of 2018, 2021, and 2022. “Those big drops happened when the lines were far apart,” he said.

Currently, with Bitcoin trading around $80,641—up nearly 2% on the day—the proximity of the two 200-week lines could indicate that a breakout is imminent. If history repeats, the market may be on the cusp of entering the next major bullish phase.

PlanB’s analysis is closely watched in the crypto community, especially given the accuracy of his previous predictions using the stock-to-flow model. With macroeconomic uncertainty and institutional interest in BTC surging, this key indicator could be the signal investors have been waiting for.

Also Read: Peter Schiff Criticizes Trump’s Bitcoin Reserve Amid Market Decline

As the convergence tightens, all eyes are now on Bitcoin’s next move—could this be the beginning of the next euphoric rally?

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.