In an interesting analysis, a widely followed crypto analyst and trader says that the Bitcoin bear market could end soon.
In this tweet, pseudonymous analyst “PlanB” says that RPMA (Realized Price / Moving Average) is a good indication to see the Bitcoin cycle and RSI likely misleading at critical moments such as in 2021 when it showed buy signals despite prices dropping significantly. The good news: according to this crypto trader forecasts indicate there will finally be a bear market end soon after all!
The Good news: Bear market is almost over
PlanB tweeted
PlanB is a former institutional investor with 1.8M Twitter followers, and 25 years experience. He creates the Bitcoin Stock-to-Flow model. He runs the website planbtc.com
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The article’s writer Noah Jones did not hold any positions in assets or companies mentioned in this article on the date of publication. His opinions are articulated herein, and the reader accepts that some opinions could change as a result of newer information being revealed.
He has over 7 years of experience in crypto trading.
noahjones@crypto.auz.net
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