Has the Bitcoin Price Rise Ended? Analyst: "I Haven't Sold a BTC Since 2020 and..."

Cryptocurrency analyst PlanC recently expressed concern about the ongoing Bitcoin price correction and whether it signals the end of the bull run. This bullish cycle is different from 2017, a year that saw many short-term overcorrections followed by a rapid recovery, according to PlanC. Instead, he predicts that the "pain" investors will feel in this cycle will relate more to time than to the percentage drop. PlanC stated: "There will be fewer low percentage correction phases throughout the bull run, unlike the 2017 cycle, which saw many extreme, short-term corrections and rapid reversals." Although this cycle will have a longer consolidation period, many investors may misinterpret this as a sign of weakening bullish momentum, PlanC said. A prolonged bearish trend could erode confidence as fear-mongering rhetoric becomes prevalent among investors. Despite these concerns, PlanC remains optimistic, believing that the prolonged consolidation during this cycle will create stronger support levels. He stated, "We have a chance for a long bullish phase in this cycle, as stronger support is being built throughout the bull run from these long consolidation phases on the way up." He describes this as a more sustainable bull market supported by real-world adoption and the increasing integration of Bitcoin into global financial systems. PlanC also mentioned that he has not sold any Bitcoin he holds since the market hit its lowest point in March 2020.