The popular Dutch analyst PlanB claims that the price of Bitcoin (BTC) has passed a resistance level that in the past marked the beginning of multi-year bull markets.
Bitcoin and the broader crypto market have been in a bear market for more than 20 months now. Various analysts are studying and sharing their theories about the start of the next cryptocurrency bull run.
PlanB Predicts Bitcoin Bull Run For Next 2 Years
PlanB discussed a five-month realized price line that has crossed a two-year realized price line. In the past, this intersection preceded every bull market.
PlanB tweeted:
“If history is any guide (red circles) it will stay above for the next 2+ years. Interesting times ahead.”
In the past, this intersection has already triggered a bull market in Bitcoin three times. This moment preceded the start of a new bullish price period of the apex cryptocurrency. But what is…
