Renowned cryptanalyst PlanB is confident that the current bitcoin market cycle has not yet been completed. He does not consider the October high at $126,000 to be the final peak. In his opinion, the first cryptocurrency is capable of growing several more times. The famous Stock-to-Flow model allows for asset growth of up to $500,000. The possible target range is from 250,000 to one million dollars. At the same time, the expert honestly warns investors about short-term risks. Bitcoin could theoretically temporarily drop below its realized price. Right now, this important support level is near the $53,000 mark. Similar drawdowns have already occurred during previous bear markets. However, they do not reverse the overall long-term uptrend.

Many users are wondering about the exact timing of reaching a new peak. Historically, 2026 has often been considered a market bottom phase. The next maximum for the classic four-year model was expected only in 2029. However, PlanB suggests looking at the situation from a completely different angle. He argues that halving cycles play a key role. Each new halving creates a different average bitcoin price level. This model does not predict the exact moment of local maxima or minima. The cyclical nature of an asset is closely related to a decrease in its emissions. Where exactly there will be peaks and troughs is of secondary importance. Expecting a peak between 2026 and 2028 will bring a lot of pain to the market. Most of the participants are simply not ready for such a scenario.

The crypto community has not yet come to a consensus on this issue. In the comments to the publication, experts expressed directly opposite assessments. Trader ChrisCryptoTopicHighest% is confident that the current cycle is already fully completed. He predicts a drop in bitcoin to $42,000 due to macroeconomic threats. He mentioned the problems of the banking sector and high bond yields among the risks. Another user, Michael, offered a more global view of the situation. He links the price movement to the general cycle of global liquidity. Previously, business cycles just happened to coincide with halving dates. This may explain the potential shift in the usual market framework. Investors should keep a close eye on macroeconomic indicators in the coming months.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.