Is Bitcoin really about to reach $ 300,000 by 2026? The analyst in Planb cryptocurrencies thinks. He recently shared this upward perspective with his YouTube audience, revealing market conditions, technical indicators and historical patterns that support his prediction. Known for its Stock-to-Flow model, Planb believes that many market players still underestimate the potential of Bitcoin in this cycle.
In short
- The Crypto Planb analyst predicts that Bitcoin could reach $ 300,000 by the end of 2026 despite the generalized skepticism of the market.
- Planb's stock-to-flow model suggests an average Bitcoin price at $ 500,000, with a conservative range between $ 250,000 and $ 600,000.
- Technical indicators such as mobile averages, geometric average and RSI indicate that the current Bitcoin cycle is still in the first bullish phases.
A mixed feeling surrounds the goal of $ 300,000 from Bitcoin
In its latest market update, Planb noted that feeling around Bitcoin remains mixed, around 60% of market participants expressing doubts that the asset reaches the $ 300,000 mark by a year and a half.
Despite this widespread skepticism, he remains firm in his opinion that digital assets are on the right track for significant upward movement. He insisted that his model suggests that an average value could reach up to $ 500,000, and even the lower end of his projected range places Bitcoin nearly $ 250,000, with $ 300,000 considered as a median conservative point.
July growth tempered by disenchantment of investors
Bitcoin recorded solid growth in July, reaching a peak at $ 123,000 in mid-house before finishing the period at $ 115,000. It was an improvement compared to the closure of June to $ 107,000, representing a gain of around 7% and an increase of $ 8,000 from one month to the next.
Although the price movement has been on the rise, Glassnode observed that The enthusiasm of investors seemed to decrease towards the end of the month.
- The interests open to future increased from $ 45.6 billion to $ 44.9 billion, and the interests open on options also dropped from $ 39.8 billion.
- Volatility decreased by 23.84 % to 16.26 %, while ETF entries dropped from 24.9 % to 269.4 million dollars.
- Meanwhile, the volume of exchanges increased by 9.9 % to 19.8 billion dollars.
Despite this cooling of the feeling, Planb described the current conditions as part of a wider bullish cycle. He said that all on-chain indicators continue to support a bullish perspective. However, he added that this cycle differs from rallies passed both by the rhythm and by the structure.
A slower and longer bitcoin cycle compared to previous rallies
Compared to previous market expansions, this cycle takes place more gradually. It has already lasted about 18 months, while the previous bull markets generally lasted about a year. In addition, the price growth rate has been more moderate.
In the past years, the Bitcoin gains were much more important: it had been multiplied by 100 in 2013, by 10 in 2017, and around 6 between 2020 and 2021. So far, Bitcoin has not been multiplied by three in this cycle, although the current race seems far from being finished.
Planb proposed a possible explanation for this slower climb. He suggested that a large volume of bitcoin has passed from private portfolios to ETFs and institutional assets, such as those held by companies like Strategy. This type of transition tends to reduce daily trading activity, as assets are preserved in the longer term, thereby attenuating short -term price dynamics.
Market structure and Momentum signals
The technical metrics seem to support its point of view. Planb revealed that the main mobile average and the geometric average are only starting to separate – a typical behavior of the first phases of the previous bull markets. In past cycles, these indicators diverge quickly and largely as prices accelerated.
The relative force index (RSI) also supports the idea that the momentum is intact. With a reading of 70.27, slightly above its smoothed average of 68.06, the indicator suggests a strong momentum. The index remains well above 50, strengthening the trend of a continuous bull movement, even if it undergoes brief breaks.
Planb maintains that, although this cycle is slower and larger than the rallys passed, the key indicators always correspond to the historic schemes of the bull markets. He believes that Bitcoin has not yet reached its full potential. Its stock-to-flow model, as well as market data and on-chain, support its vision that major gains are coming. If this trend continues, reaching $ 300,000 by the end of 2026 may well happen.
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