Famous Analyst Shares His Thesis on the New Bitcoin Bull: "These Will Happen, Get Used To It"

Famous crypto analyst PlanC once again shared his views on the bull market after Bitcoin surpassed $100,000.

PlanC stated that the rise experienced in this cycle is different from the 2017 bull market. Reminding that in 2017 there were frequent sharp corrections and rapid recoveries, the analyst expressed that the current cycle is progressing with fewer and lower rate corrections.

"The shape of negativity in this cycle is more related to temporal corrections. In other words, even if the price does not pull back, prolonged horizontal movements create insecurity among investors and drive them away from the market," he said.

PlanC argued that during this process, investors could fall into misconceptions that the bull market has ended, especially during periods when the market is directionless and weak, fear-based narratives tend to emerge.

However, the analyst who claims that these horizontal and downward corrections are actually healthy for the market stated that this allows the uptrend to continue with stronger foundations.

"This cycle presents a healthier and more sustainable bull market supported by real and meaningful adoption."