According to Odaily, cryptocurrency analyst PlanB recently shared his insights on the current Bitcoin market via the X platform. PlanB stated that it is too early for Bitcoin to enter a bull market phase. He explained that Bitcoin halvings, which occur every 210,000 blocks, are typically associated with a price accumulation phase. However, the upcoming halving in 2024, which will occur at the 840,000th block, is expected to coincide with a bull market phase. Despite this anticipation, PlanB emphasized that the market is not yet prepared for a significant price increase.