Quant analyst PlanB suggests that Bitcoin's recent correction is raising questions about whether its bull cycle is ending. While on-chain data still indicates a bull market, the lack of new all-time highs since January could indicate the formation of a bear market. PlanB predicts the potential for a V-shaped recovery after the recent correction, with the possibility of new all-time highs. However, the analyst acknowledges that the market could enter a distribution phase leading to a bear market. Based on historical precedence, PlanB believes Bitcoin is likely to rally and achieve new all-time highs. At the time of writing, Bitcoin is trading at $84,377, experiencing a 6.5% decline in the last 24 hours.



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