Bitcoin Bull Market May Be Forming, Says Crypto Expert
Popular quant analyst PlanB suggests that Bitcoin (BTC) could be on the verge of entering a bull market based on a key technical indicator.
In a recent video PlanB highlighted the convergence of two key 200-week means as a sign that Bitcoin may be primed for an explosive uptrend.
Convergence of 200-Week Means Signals Possible Bullish Breakout
PlanB explained that the 200-week arithmetic and 200-week geometric means are currently close together on Bitcoin’s price chart, a rare occurrence that often precedes a significant price rally. According to the analyst, when these two lines are near each other, it signals that a bull market may be forming.
The analyst pointed out that in previous instances, such as in 2020 and 2017, the convergence of these two means was followed by major upward price movements. In particular, he referenced the end of 2020 and the start of 2017, when the convergence of the two lines signaled the start of explosive Bitcoin price surges.
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PlanB noted that in past years, significant crashes or bear markets occurred when the arithmetic and geometric means diverged. He referenced the market downturns in 2021 and 2022, as well as in 2018, when there was a large gap between the two lines. In contrast, the periods of convergence were followed by major bull runs.
“The big crashes here [in 2021 and 2022] are happening when there’s a diversion between the two lines. Also, here in 2018, there was a big gap between the two [means]. Same here in 2014 and 2015,” said PlanB, reinforcing his belief that Bitcoin’s price could be gearing up for a significant rally.
With the two means now converging, PlanB suggests that this could be the beginning of another bull market for Bitcoin, much like the explosive upward price movements seen in the past when the lines aligned.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
