PlanB argues halving cycle theory is flawed, says BTC may be near a major surge

Prominent Bitcoin market analyst PlanB has argued that the four-year halving cycle theory, which predicted a bear market would follow a peak of $126,000, is flawed. He stated that the theory is not a reliable pattern in the current environment, noting that market changes and on-chain indicators do not yet show any signs of overheating. To support his view, PlanB pointed out that Bitcoin's Realized Price is not far from its 200-day moving average and that its Relative Strength Index (RSI) has not reached 80. He suggested this indicates that BTC could either be on the verge of a significant price jump or transitioning into a stable, long-term bull market led by institutional investors.