- PlanB predicts Bitcoin bull market to surpass $100,000 by 2025.
- Stablecoin transfer volume peaks, indicating a growing bull market.
- Solana’s SOL value doubled in December, now slightly decreased.
The current model for the Bitcoin market cycle is excellent because, as the crypto analyst known as PlanB on X points out, only a minority will accept its phase transition detection. He referenced a previous update from January 12, where he declared the end of the bear market, yet numerous individuals disagreed.
In a recent update, the esteemed analyst presented a chart of the Bitcoin Market Cycle Model, indicating that the primary cryptocurrency is currently in a phase of accumulation. According to the chart, this phase started at the beginning of January, which coincides with the time PlanB declared the conclusion of the bear market.
PlanB’s post on January 12 verified that Bitcoin reached its lowest value in November 2022, hitting $15,500. He forecasted that Bitcoin
Patrick Scott, an analyst specializing in DeFi and cryptocurrencies, has pointed out an increase in the volume of stablecoin transfers, coinciding with the growing and advancing bull market.
Scott demonstrated, utilizing information from the cryptometrics platform Artemis, that the volume of transfers peaked in a year during this week. Additionally, the data from the platform indicated that the increase in stablecoin activity on the Solana network has driven the surge since December.
Significantly, December was the most successful for Solana
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