Top analyst PlanB argues Bitcoin’s real bull market is ahead, dismissing $126K as the peak, and forecasts continued growth through 2028.
Top crypto analyst PlanB has issued a strong rebuttal to BTC bears, predicting a top at $126,000. In a recent update, he argued that the current market behavior is just a short-term consolidation and part of Bitcoin’s four-year cycle.
According to PlanB, Bitcoin’s rally is far from over, and the real bull market may be still ahead.
Bitcoin’s Four-Year Cycle Supports Continued Growth
PlanB believes that Bitcoin’s four-year cycle remains intact, despite recent fluctuations in price.
He argues that Bitcoin typically experiences mid-cycle corrections before entering a new growth phase. “The real rally hasn’t even begun,” PlanB said in his post. He pointed out that previous cycles followed a similar pattern of short-term weakness followed by a sharp rally.
Bears think $126k was the top, and btc will fall below $100k, and 2026 will be a bear market mainly because … the 4 year cycle!?
IMO that is a BIG misunderstanding. Yes, there is a 4y halving cycle that doubles S2F-ratio, and 6 months before until 18 months after a halving was… pic.twitter.com/tehnZ4rRab
— PlanB (@100trillionUSD) October 20, 2025
The stock-to-flow model, which PlanB introduced in 2019, remains a key indicator for Bitcoin’s price trajectory. This model links Bitcoin’s scarcity to its valuation and suggests that despite price dips, the long-term growth trend is still intact.
PlanB’s outlook suggests that BTC could surpass the $126,000 mark and continue rising in the coming years.
Bears Misreading the Data and Cycle
According to PlanB, those predicting that $126,000 is Bitcoin’s peak are misinterpreting market data. He explained that the $126,000 mark represents a temporary resistance point and not the final top.
“Bears think $126K is the top, but the real rally hasn’t even begun,” he added.
PlanB’s analysis indicates that Bitcoin is currently experiencing a consolidation phase, which is common in the middle of its market cycles.
He also noted that short-term holders, who may be more sensitive to market fluctuations, might not fully grasp Bitcoin’s long-term cycle.
In contrast, long-term holders continue accumulating, signaling confidence in Bitcoin’s future growth. This accumulation, according to PlanB, is an indicator that the market has not yet reached its peak.
PlanB’s Projections Point to a Stronger Rally by 2028
PlanB’s projections align with Bitcoin’s historical four-year cycle, which suggests that the next major peak could come closer to 2028.
He emphasized that the market is likely only halfway through its real move, echoing past cycles where substantial growth occurred in the latter half. PlanB expects this phase to bring renewed volatility and upward momentum.
Bears think $126k was the top, and btc will fall below $100k, and 2026 will be a bear market mainly because … the 4 year cycle!?
IMO that is a BIG misunderstanding. Yes, there is a 4y halving cycle that doubles S2F-ratio, and 6 months before until 18 months after a halving was… pic.twitter.com/tehnZ4rRab
— PlanB (@100trillionUSD) October 20, 2025
He also pointed out that investor sentiment now mirrors periods before previous parabolic rallies, such as in 2016 and 2020. This pattern suggests that Bitcoin may be entering another accumulation phase, setting the stage for a breakout in the years ahead.
Traders are closely monitoring Bitcoin’s response to upcoming macro data, ETF inflows, and potential Federal Reserve policy changes.
For now, PlanB remains confident that the broader trend for BTC continues to be bullish, with much more upside potential ahead.
Source: https://www.livebitcoinnews.com/btc-news-today-why-126k-is-not-the-top-for-bitcoin/