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TechFlow news — On August 9, crypto analyst PlanB stated on social media that the main issue with the current Bitcoin market is that it has entered a bull phase too early. Normally, Bitcoin halving events (every 210,000 blocks) occur during the market's accumulation phase, but the 2024 halving (at block 840,000) will take place during a bull market. This means the market has moved forward prematurely, before being fully prepared for an upward move.
Crypto analyst PlanB stated on social media that the main issue with the current Bitcoin market is its premature entry into a bull phase. Typically, Bitcoin halving events (occurring every 210,000 blocks) take place during the market's accumulation stage, but the 2024 halving (at block 840,000) will occur during a bull market. This means the market has moved forward prematurely before being properly positioned for an upward move.
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