According To Crypto Trading Expert Planb

WEB Bull Market Has Started

According to Crypto Trading Expert PlanB

History May Repeat Itself

According to crypto trading expert PlanB, the long-awaited WEB bull market has finally started. In a series of tweets, PlanB outlined his bullish analysis and set a target price for Bitcoin of $100,000 to $1 million.

PlanB's analysis is based on the stock-to-flow (S2F) model, which has been used to successfully predict the price of Bitcoin in the past. The S2F model tracks the ratio of Bitcoin's circulating supply to its annual production rate. According to PlanB, the S2F ratio is rising, which indicates that Bitcoin is becoming more scarce and valuable.

In addition to the S2F model, PlanB also points to several other factors that are bullish for Bitcoin, including the upcoming halving event. The halving is a scheduled reduction in the number of Bitcoins that are mined each block. The halving is expected to occur in May 2020, and it is likely to reduce the supply of Bitcoin and increase its price.

PlanB's analysis is not without its critics. Some analysts argue that the S2F model is not a reliable predictor of Bitcoin's price. However, PlanB's track record of successfully predicting Bitcoin's price in the past suggests that his analysis is worth taking seriously.

If PlanB's analysis is correct, then the WEB bull market is just getting started. Bitcoin could reach a price of $100,000 to $1 million in the coming months, and it is possible that we will see even higher prices in the future.

Conclusion

PlanB's analysis is a bullish sign for Bitcoin, and it suggests that the WEB bull market has finally started. If history is any guide, we could see 10 months of face-melting fear of missing out (FOMO) as Bitcoin's price climbs to new highs.