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Bitcoin Bull Market May Be Forming, Says Crypto Expert

  • Crypto expert, PlanB, suggests that a Bitcoin bull market may be forming based on the convergence of two key 200-week means.
  • The convergence of the 200-week arithmetic and 200-week geometric means on Bitcoin's price chart is a rare occurrence and has historically preceded significant price rallies.
  • PlanB references previous instances, such as in 2020 and 2017, where the convergence of these means was followed by major upward price movements.
  • The analyst also notes that significant crashes or bear markets have occurred when the arithmetic and geometric means diverged, further supporting the potential for a bull market.

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