PlanB: There is still no real bull market in sight

Analyst PlanB posted a chart stating that there is still no real bull market. Furthermore, he explained in the comments section, ‘I would categorise the period when BTC prices rebounded from the absolute bottom of the last bear market of $15,000 to about $40,000 as an accumulation phase, while the move from $40,000 to the current $100,000 might be counted as an (early) bull market.’