Is The Bull Run Only 50% Complete?
PlanB, Phillip Swift, and whole lot of others say the bull run is only halfway done…..
Bitcoin hodlers ‘only halfway’ to selling BTC after new $500K price prediction
“Using the Realized HODL Ratio (RHODL) indicator, created by popular analyst Philip Swift, Klee showed that Bitcoin is still far from the classic top signals it gave at the height of previous bull markets.
RHODL is based on the well-known HODL Waves tool, and its increasing size conforms to bull markets gathering pace — both then top out at once.
“RHODL ratio shows seller exhaustion, and we are only halfway there,” he said as part of a Twitter comment.
As Cointelegraph reported, RHODL is far from alone in calling for an extended end to the bull run. Other sources include Bitcoin Stock-to-Flow model creator PlanB, who believes that Bitcoin has a good six months left before a turning point hits.”