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PlanB, known for his bold price predictions and the Stock-to-Flow (S2F) Bitcoin model he developed, said in a tweet that when evaluating the current state of the Bitcoin market, the idea of entering an early bull market stands out.
The analyst, who stated that halving periods are normally experienced during the accumulation phase, noted that the 2024 halving coincides with the bull market phase.
This situation indicates that a kind of front-running is happening in the market, but the market is not yet ready for a rise. The bull run, which started with increased expectations before the halving, has put the market into a rise process earlier than expected. Therefore, it can be seen that market participants are not fully prepared to support the expected rise.
According to a popular analyst, this state of the market may indicate a possible pullback or consolidation process.